Mathematics, 31.01.2020 21:44 sierracupcake0220
The owner of a flower shop needs a short-term loan to tide her business over until she completes the sale of some unused property. she asks the bank for a $25,000 six-month loan. the bank agrees to give her the loan, but attaches a hefty interest rate of 18 percent. calculate the monthly payment, and explain how the florist can handle taking this loan.
i already know the monthly payment is $4,388.13. i just need to answer the second part.
Answers: 3
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