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on 1 st sempSeptember 2 0 0 9 Annie chola bought a motorcycle for k 2 5 0 0 0 she paid a down payment
on st sempSeptember Annie chola bought a motorcycle for k she paid a down payment of k And financed the balance with a year loan at a stated annual interest rate of compounded monthly. she started the monthly payments exactly one month after after the purchase st ocOctober two years later at the end of October Annie got a new job and decided to pay off the loan. if the bank charges prepayment penalty based on the loan balance how much must she pay the bank on st November
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