Question

sibongile bought a vacant stand for $60 000.00. She secured a loan from her grandmother at an interest rate of 10% per year compounded monthly. The term of the loan is 5 years. Consider the amortisation of Sibongile's loan. What is the amount of interest that Sibongile will pay in the 7th month​

Answer 1

Answer:

ur answer is 15488

Step-by-step explanation:

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