The interest portion of the 9^th payment of $R on an amortized loan repaid monthly is $8.42.The interest portion of the 10^th payment of $R is $7.77.If interest rate is j₁₂ = 18%.What is R?

Name: The interest portion of the 9 th payment of $R on an amortized loan repaid monthly is $8.42.The interest portion of the 10 th payment of $R is $7.77.If interest rate is j 12 = 18%.What is R?
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The Answer is C

The Interest Portion of the 9th Payment of $R on an Amortized

The Interest Portion of the 9^th Payment of $R on an Amortized