-(-2) is the same thing as saying 2 and 2^6 is 64 Enjoy!=)
<h2><u>After 20 months</u> is the correct answer!</h2><h3 /><h3>Double-check:</h3><h3>$18 x 20 = $360</h3><h3>$360 + $100 = <u>$460</u></h3><h3 /><h3>$20 x 20 = $400</h3><h3>$400 + $60 = <u>$460</u></h3><h3 /><h3><em>Please let me know if I am wrong.</em></h3><h3 /><h3>The names tho</h3>
From the interest computed, the monthly payment that will be made is $7500.
<h3>How to calculate the interest</h3>
The formula to calculate the interest will be:
= PRT/100
= (120000 × 15 × 5)/100
= 90000
Therefore, the monthly payment will be:
= $90000/12
= $7500
In conclusion, the correct option is $7500.
Learn more about interest on:
brainly.com/question/2294792