A loan of 10,000 is being repaid in 48 monthly installments. The loan has an interest rate of 6% convertible monthly. The payments follow a pattern: The odd payments (that is, 1st, 3rd, 5th, etc.) are in the amount R The even payments (that is, 2nd, 4th, 6th, etc.) are in the amount 2R Find the interest that is paid in the 12th payment. A loan of 10,000 is being repaid in 48 monthly installments. The loan has an interest rate of 6% convertible monthly. The payments follow a pattern: The odd payments (that is, 1st, 3rd, 5th, etc.) are in the amount R The even payments (that is, 2nd, 4th, 6th, etc.) are in the amount 2R Find the interest that is paid in the 12th payment