If a loan has an interest which is compounded monthly, this means that n= 12. The rate will have a monthly interest of 13% per month. Since she is going to pay the loan off in 3 years, this would mean that her monthly payment would be $100 plus the interest per month of 13% which is $468. Therefore, the total monthly payment is $568. Hope this answer helps.
Answer:
Economists are important because they study a certain resource and figure out how to distribute it to others to get as well.
Explanation:
For example, An Economist might be studying a very scarce resource. This resource is something that is needed in everyday life. What an economist will do is find a way to make sure this resource is available to everyone. They could so this by creating another version of it or a different kind of it to distribute. Then they are helping the economy.
I am inclined to think true.
Hope this helps