Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Principal (P)= $1,800
Number of periods (t)= 6 months
Monthly interest rate (r)= 0.144/12= 0.012
To calculate the interest to be paid and the total amount due, we need to use the following formula:
I= P*r*t
I= 1,800*6*0.012
I= $129.6
Total amount= $1,929.6
