Which results in total interest charge, borrowing $1840 to be repaid 12 months later as a single payment loan we're borrowing $1840 to be repaid is a 12 month installment loan? Assume a simple interest method of calculation at 11.25% interest. Defend your answer.

Clek on the tabile icon to view the Mil PF table The emaunt of interest on the single parysent han is 1 (Rosnd is the neares cent)