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G borrowed $15,000 to buy a business. The interest rate was 11%. If g paid all the interest and the amount borrowed with a single payment at the end of 16 months, what is the am…

G borrowed $15,000 to buy a business. The interest rate was 11%. If g paid all the interest and the amount borrowed with a single payment at the end of 16 months, what is the am…
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G borrowed $15,000 to buy a business. The interest rate was 11%. If g paid all the interest and the amount borrowed with a single payment at the end of 16 months, what is the amount of this payment?.

asked
User Mike Manfrin
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8.8k points

1 Answer

5 votes

Answer:Amount of this payment is $17,200 so, option "C" is the correct answer

Step-by-step explanation:

answered
User Croydon Dias
by
7.7k points
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