If anyone is good with simple interest please help! Micah buys a new car for $11,000. She makes a down payment of $3,000 and the dealer gives her an add-on loan, charging her an annual interest rate

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asked May 6, 2018 1.4k views

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If anyone is good with simple interest please help!

Micah buys a new car for $11,000. She makes a down payment of $3,000 and the dealer gives her an add-on loan, charging her an annual interest rate of 9.7%. If she takes out a 4-year loan, what will Micah's monthly payments be?