Mathematics

19 July, 12:03

You take out an installment loan of $1,450.00.

The title of an Installment Loan Table is

"Monthly Payment on a Simple Interest Installment Loan of $100".

In order to use this table to determine the size of the monthly payments, you need to convert the amount of this loan to:

A) 11.5

B) 12.5

C) 13.5

D14.5

+1

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