Mathematics, 10.05.2021 22:40 aprilhood4022

Alana Garon obtained a personal loan of $ 2,200 at 12 percent for 12 months. The monthly payment is $ 194.00. The balance of the loan after 8 months is $ 830.78. What is the interest for the ninth payment? a. $ 8.31
d. $ 185.69
c. $ 172.00
b. $ 12.00

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Alana Garon obtained a personal loan of $ 2,200 at 12 percent for 12 months. The monthly payment is...

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Alana Garon obtained a personal loan of $ 2,200 at 12 percent for 12 months. The monthly payment is $ 194.00. The balance of the loan after 8 months is $ 830.78. What is the interest for the ninth payment? a. $ 8.31 d. $ 185.69 c. $ 172.00 b. $ 12.00

Answers

Another question on Mathematics

Alana Garon obtained a personal loan of $ 2,200 at 12 percent for 12 months. The monthly payment is $ 194.00. The balance of the loan after 8 months is $ 830.78. What is the interest for the ninth payment? a. $ 8.31
d. $ 185.69
c. $ 172.00
b. $ 12.00