Question 1074085
Nestor is building a new swimming pool for $10,000. He makes a $2,000 down payment and the builder gives him an add-on loan, charging him an annual interest rate of 7.3%. If he takes a 4-year loan, what will his monthly payments be? Please show all steps. Thanks in advance
<pre>As an add-on loan, monthly payment is: {{{highlight_green("$178.33")}}}