What will your coworkers monthly payments

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Question: Suppose you loan a coworker $2500. You only charge your coworker 3% simple interest. Your coworker says she can pay you back in 1 year and can only make monthly payments on the interest until then. What will your coworker's monthly payments be to you (on the interest only) for that 1 year?

Reference no: EM133328232

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