Question: do I first need to figure out the monthly payment, before I can figure the interest? A $13.000 loan is to be amortized by equal

do I first need to figure out the monthly payment, before I can figure the interest?

A $13.000 loan is to be amortized by equal monthly payments for five years. The interest rate is 12% compounded monthly. How much interest will the debtor pay in total over the five-year period? O $17,178.60 $4116.84 C $4350.80 $17,350 80 $4178.60

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