U.S. and Global Economics
posted by Mary .
The owner of a flower shop needs a short-term loan to tide her business over until she completes the sale of some unused property. She asks the bank for a $25,000 six-month loan. The bank agrees to give her the loan, but attaches a hefty interest rate of 18 percent. Calculate the monthly payment, and explain how the florist can handle taking this loan.
do I multiply
i'm not sure how to do this one either