Linda borrows 18500 from the bank at 12 apr interest
Linda borrows $18,500 from the bank at 12% APR interest compounded monthly to be repaid in 36 equal monthly instalments. What is her monthly payment? What is the interest paid in the first month? What is the principal paid in the first month?
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linda borrows 18500 from the bank at 12 apr interest compounded monthly to be repaid in 36 equal monthly instalments
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