Question: Jacques has just been notified that the combined principal and interest on an amount he borrowed 19 months ago at 8.0% compounded monthly is now
Jacques has just been notified that the combined principal and interest on an amount he borrowed 19 months ago at 8.0% compounded monthly is now $2,797.78. How much of this amount is principal and how much is interest?
principal portion %
interest portion %
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