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OpenStudy (anonymous):
John bought a new computer for $1,650. He paid a $160 down payment and financed the rest for 1 year at an interest rate of 7%. Find the total interest paid on the given amortized loan assuming that John makes monthly payments.
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OpenStudy (anonymous):
a)52.66 b)63.84 c)67.76 d)57.10
OpenStudy (anonymous):
wait compound interest chapter right?
OpenStudy (anonymous):
amortization I think
OpenStudy (anonymous):
does anyone know which answer is correct or how to do this problem?
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