Myrtle took out a 3 year loan for 2050 at a computer retailer to be paid back with monthly payments at a 12 APR compounded

Question

Myrtle took out a 3 year loan for 2050 at a computer retailer to be paid back with monthly payments at a 12 APR compounded monthly If the loan offers no payments for the first 5 months about how much in total will Myrtle pay in interest for the loan A 81 17 B 246 00 OC 104 57 D 466 27

Kunduz · Accepted Answer

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