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Please ensure your answer is correct. if not, i will have to downvote. Please answer in clear writing The lawyer for a credit union member
Please ensure your answer is correct.
if not, i will have to downvote.
Please answer in clear writing
The lawyer for a credit union member has sent a cheque for $3316.81 in full settlement of the member's loan balance including simple interest at 8 1/3% for 4 months. How much of the payment is interest ?
.....
The amount of the payment that is interest is $[___].
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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