business/math
posted by gaile on .
what is the answer to: you obtain a margin loan of 18000 to puchase some stock. the effective intrest rate on the loan is 7.8%.how much intrest will you pay if you repay the loan in 3 month.
urgent respone needed

18,000 * 0.078 = 1,404
$1,404 / 4 = ?