Ann borrowed money from her credit union to invest in the

Last updated: 6/15/2023

Ann borrowed money from her credit union to invest in the stock market She took out a personal amortized loan for 28 500 at an interest rate of 7 65 with monthly payments for a term of 1 year For each part do not round any intermediate computations and round your final answers to the nearest cent If necessary refer to the list of financial formulas a Find Ann s monthly payment b If Ann pays the monthly payment each month for the full term find her total amount to repay the loan 0 c If Ann pays the monthly payment each month for the full term find the total amount of interest she will pay 0 X 5 25