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You borrow an amoum at a monthly compounded rate of 12%. You must repay the loan by making 200 regular monthly poyments of $600 each,
You borrow an amoum at a monthly compounded rate of 12%. You must repay the loan by making 200 regular monthly poyments of $600 each, plus an imegular payment of $1000. If the first of the 200 monthly payments is mode exactly in one month from now, ond the irregular payment of $1000 is mode at the same time as the last monthly poyment, what would be the borrowed amount
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