William wants to borrow $19,758 for college. the bank is going to charge him
4.8% interest annu...
Mathematics, 01.01.2020 07:31 lizdeleon248
William wants to borrow $19,758 for college. the bank is going to charge him
4.8% interest annually, compounded monthly. if his payment is $100 a month.
how much will he owe at the end of 6 months? (take this one month at a time.
determine the interest for the month; add it to the principal. then subtract the
payment, and that is your new principal for the next month.)
Answers: 1
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