Question: Question 9 5 pts Sara borrows $30,000 from a local bank that will charge her an interest rate of 6% per annum compounded monthly for
Question 9 5 pts Sara borrows $30,000 from a local bank that will charge her an interest rate of 6% per annum compounded monthly for a 48-month loan. What portion of her twelfth payment is interest? Given that U11 = 23,750.15; U12 =23,164.2 (Ut = the unpaid principal after making payment t) $115.82 $585.95 $118.75 $704.7
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