Answer Happy

Latoya borrowed money from an online lending company to invest in the stock market. She took out a personal, amortized loan for $22,500, at an interest rate of 7.6%, with monthly payments for a term of 1 year. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. х 5 ? (a) Find Latoya's monthly payment. s1 (b) If Latoya pays the monthly payment each month for the full term, find her total amount to repay the loan. (6) If Latoya pays the monthly payment each month for the full term, find the total amount of interest she will pay. si