... David Sporn bought a saddle from Linville Western Gear with a 9.3% add-on interest installment loan. The purchase price of the saddle was $1, XXXXXXXXXXThe loan required a down payment and equal...

...DavidSpornboughtasaddlefromLinvilleWesternGear witha 9.3%add-on interest installment loan. The purchase price of thesaddle was $1,290 ... The loan requireda down paymentand equal monthly payments for 24 months.a. What is the total deferred payment price of thesaddle? b. WhatareDavid’s monthly payments