Divide top and bottom by any number that's fits into both of them keep doing that until it's not possible Hope that helped Have a good day! :-)
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>
The seller makes a over all loss of $2000
