(Solved): Angela's bank gave her a 4 -year add-on interest loan for $5,450 to pay for new equipment for her an ...

Angela's bank gave her a 4 -year add-on interest loan for

to pay for new equipment for her antiques restoration business. The annual interest rate is

. How much interest will she pay? What are her monthly payments? She will pay

in interest on the loan. (Round to the nearest cent.)