Based on the amount that she paid in the first month, the amount Ronda will pay for the next month is<u> $396.</u>
When a loan is amortized, it means that one can pay it off by paying the same amount every period until they would have paid off both the loan and the associated interest.
The amortized amount contains:
- A portion going towards the principal(debt )
- A portion going towards the interest accumulated.
In conclusion, as the amount is the same every time, Ronda will have to pay the same amount of $396 the next month.
<em>Find out more at brainly.com/question/12256592. </em>
Answer: 51?
Warning!:
I might be wrong because I haven't done this in a long time, so make sure to double-check.
Other than that, I hope this helps!
Answer:
$2,251.79.
total compound should be is $701.79.
Step-by-step explanation:
Answer:
uhmm. lemme remember how to do that
