caracrum caracrum

14-02-2024
Mathematics

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Melinda obtained a loan for $6,000 at 8% for 36 months. The monthly payment is $187.80. T h e balance of the loan after 20 payments is $2,849.08. What is the interest for the first payment? What is the interest for the 21 st payment? Why is the interest so much different for the two payments?

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