Problem 9 1 point A person borrows 36000 and agrees to repay

Last updated: 5/19/2023

Problem 9 1 point A person borrows 36000 and agrees to repay the loan in monthly installments over 5 years The agreement is to pay 1 of the unpaid balance each month for using the money and 600 each month to reduce the loan What is the total cost of this loan that is what is the sum of all the monthly interest payments Cost of loan