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Alice took out a loan for $19,500 at 13 1/2% on March 4, 2016, and she will need to pay it back in full on
Alice took out a loan for $19,500 at 13 1/2% on March 4, 2016, and she will need to pay it back in full on January 14, 2017. Solve and find what the interest cost is and what amount will Alice pay back on January 14, 2017 using exact interest.
A. Solve for Interest Cost
B. Determine what Alice will have to pay back
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