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To get a new computer, a recent college graduate obtains a loan of $450. She agrees to pay 18% annual interest, which will apply to any money she owes. She makes no payments dur…

To get a new computer, a recent college graduate obtains a loan of $450. She agrees to pay 18% annual interest, which will apply to any money she owes. She makes no payments dur…
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To get a new computer, a recent college graduate obtains a loan of $450.

She agrees to pay 18% annual interest, which will apply to any money she owes. She makes no payments during the first year.


How much will she owe at the end of one year?

User Anya
by
8.3k points

1 Answer

5 votes

Answer:

1.18 x 450 which includes 450 and the interest

User Ramon Bakker
by
7.7k points
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