Which equation represents "the sum of eight times a number and seven is twice the number"? A) 8(7 + 2N) B) 8N = 7 + 2N. C) 7N +
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Susan's monthly payment will be $117.93.
We have Susan take out a personal loan for $3,500 at an interest rate of 13% compounded monthly.
P=3500
r=30%
t=3
<h3>What is the amortization formula?</h3>
Where A is the payment,
P= principal,
r =the annual interest rate
t is the number of years.
use the given value in the formula we get
A=117.9288
A= 117.93
Susan's monthly payment will be $117.93.
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