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Equation:m= P(R/N)/1-(1+R/N)-NT I need to find out how to calculate interest on a loan of $9,376.78, 30 month term at a 5% APR. First, find the total...

Equation:m= P(R/N)/1-(1+R/N)-NT

I need to find out how to calculate interest on a loan of $9,376.78, 30 month term at a 5% APR. First, find the total interest you would pay on the loan. Second, find the monthly payments you would pay for the next 30 months.

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