document.write( "Question 465330: Carson paid $12,700 to build an addition on his house. He paid $3000 up front, and financed the rest for 5 years at an annual interest rate of 9.3 percent. Find the monthly payment and total interest paid.\r
\n" ); document.write( "\n" ); document.write( " Carson's monthly payment is $____ (Round to the nearest cent as needed)\r
\n" ); document.write( "\n" ); document.write( " The total interest paid is $____ (Round to the nearest cent as needed)''. \n" ); document.write( "

Algebra.Com's Answer #318877 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

 
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document.write( "Hi,
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document.write( "I = P*r*t = 9700*.093*5 = $4510.50, the interest amount
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document.write( "  (9700 + 4510.50)/60mo = 236.84, the monthly payment  \n" );
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