Mathematics, 29.01.2022 07:00 restra06

Sandy borrowed $1600 from the bank that she will be making interest-only payments on for the first
year. Assuming the annual interest rate is 12% (1%
monthly), how much will she need to pay every
month?

(THIS IS URGENT)

Answers: 1

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More questions: Mathematics Another questions

Sandy borrowed $1600 from the bank that she will be making interest-only payments on for the first year. Assuming the annual interest rate is 12% (1% monthly), how much will she need to pay every month? (THIS IS URGENT)

Answers

Another question on Mathematics

Sandy borrowed $1600 from the bank that she will be making interest-only payments on for the first
year. Assuming the annual interest rate is 12% (1%
monthly), how much will she need to pay every
month?

(THIS IS URGENT)