Monty Ricker obtained a used car loan of $ 6,000.00 at 8% for 36 months. The monthly payment is $ 187.80. The balance of the loa
n after 12 payments is $ 4,159.90. The balance after the 34th payment is $ 380.60. A. What is the intrest for the first payment?
B. What is the intrest for the 13th payment?
C. Explain why the intrest is so diffrent for the
two payments.
