The amount of repayment AT THE END of the first year does not reduce the interest on the loan for the first year.
The interest of 6% per annum compounded monthly
= 12500*[(1+(0.06/12))^12-1]
= 770.97 (to the nearest cent)
Answer:
I believe it is $65
Step-by-step explanation:
$55/5.5
Divide the $55 by 5.5 and you get $10, then add it to your original $55, that makes $65, right?
90 degrees that’s the answer for this question
