Markus failed to make three payments of $20,424 scheduled 1 year ago, 10 months ago, and 4 months ago. His creditor successfully sued
Markus in small claims court, and the judge will order Markus to pay his debts. If the court uses a simple interest rate of 1.55% per month, what
amount will the judge order Markus to pay today? Amount owing = $ number

Transcribed Image Text:

Markus failed to make three payments of $20,424 scheduled 1 year ago, 10 months ago, and 4 months ago. His creditor successfully sued Markus in small claims court, and the judge will order Markus to pay his debts. If the court uses a simple interest rate of 1.55% per month, what amount will the judge order Markus to pay today? Amount owing = $ Number Markus failed to make three payments of $20,424 scheduled 1 year ago, 10 months ago, and 4 months ago. His creditor successfully sued Markus in small claims court, and the judge will order Markus to pay his debts. If the court uses a simple interest rate of 1.55% per month, what amount will the judge order Markus to pay today? Amount owing = $ Number