Trudy borrowed $560.00 from a friend and agreed that for several years she would make equal monthly payments to pay only the interest on the loan. if her 12 interest payments each year total 6.5% of the amount she borrowed, how much interest has she paid after 18 monthly payments?

$54.6

Step-by-step explanation:

Amount borrowed = $560

Interest paid in the 12-month period = 6.5% of 560 =$36.4

The amount of interest Trudy pays in 18 months is worked out as

Monthly interest = $36.4/12

Interest payable in 18 months

= ($36.4/12) x 18

= $54.6

  n=   0.0000 - 0.3750 i  

  n=   0.0000 + 0.3750 i

step-by-step explanation:

one of these should be correct

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