From the archive

Day 3

Thursday, 6 August 2026

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Monthly payment on an equipment loan

A loan's real cost is never the price tag — it's what leaves the account every month, and how much of that is interest.

Task:

You work in operations at a small coffee roastery. The team wants to finance a new espresso machine rather than pay cash: $14,400 over 3 years at 7.2% APR. Work out the monthly payment in B5, then the total interest you will pay over the life of the loan in B6.

The daily challenge is part of Pro

A new exercise every morning, plus every day that came before it — a back catalogue that grows by one a day, whether or not you were here for it.

Recent days

The last 14 days. Today's challenge is free while your streak is alive; Pro opens every past day too.