A loan is to be repaid with n equal monthly payments.If the sum-of-digits method is applied,the sum of the amount of interest paid in the first (I₁)and last month (I_n)is equal to the half of the total amount interest paid.What is the value of n?

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The Answer of A loan is to be repaid with n equal monthly payments.If the sum-of-digits method is applied,the sum of the amount of interest paid in the first (I₁)and last month (I_n)is equal to the half of the total amount interest paid.What is the value of n?

A Loan Is to Be Repaid with N Equal Monthly