I'm doing an assignment for computer and I can't understand what my teacher wants me to take interest from?

Answers:0   |   LastUpdateAt:2012-09-30 07:25:02  

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Zero
Asked at 2012-09-30 07:25:02
We have to choose a car online . Mine is $ 8,999 and we have to spread the payments out of the 48 months, which is $ 187.48 per month . But then he says : MedlinePlus MedlinePlus WAIT! One more thing . Every month the bank charges 5.5% interest rate on your car loan . For this we must add 5.5% of your payment on your monthly bill . MedlinePlus MedlinePlus Does that mean I have to take 5.5% of $ 8,999 or $ 187.48 ?
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