Payments are made at the end of each month. The payments have been carefully calculated to pay off the debt, with interest, in the specified time interval. 2. Since i = 1%, the interest to be paid each month is 1% of the unpaid balance at the end of the previous month. That is, ...
to pay living costs if she did not receive her salary. She depos- its the rest of the surplus in savings and investment plans that Savings ratio Amount saved each month $648/$5,400 = 0.12 divided by gross income Smart Money MinuteBased on the following information, calculate the ratios ...