Question: Shondra borrowed $ 2 0 , 0 0 0 for an 1 8 - month period. The interest rate that she will be charged on

Shondra borrowed $20,000 for an 18-month period. The interest rate that she will be charged on this loan is 7.75%. The lender is requiring that Shondra only pay interest each month and the entire $20,000 will be due at the end of the 18-month period. What will be the monthly interest payment on this loan?
Shondra borrowed $20,000 for an 18-month period. The interest rate that

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