Anna is buying $12,000 worth of rare coins as an investment. The dealer is charging her an annual interest rate of 9.1% and is using the add-on method to compute her monthly payments a. If Anna pays off the coins in 48 months, what are her monthly payments ?
b. If she makes a down payment of $3,000, how much will this reduce her monthly payments?
c. If she wants to have monthly payments of $300, how large should her down payment be?
a. Anna's monthly payments will be s
(Round to the nearest cent)