Posted by **tina** on Sunday, December 8, 2013 at 1:53am.

Bill's monthly payment is $1,056 per month. The principal is $100,000 at a rate of 12 1/2 percent for 35 years. The amount of interest for Bill's 1st payment is $1,011.67.

True

False

- business math -
**Ms. Sue**, Sunday, December 8, 2013 at 12:17pm
False

I = PRT

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