B. What is the interest for the 13th payment? c. Explain why the interest is so different for the two payments

Determine the fraction of total interest owed. after the fourth month of a 12-month loan: the numerator is: {(n + ) + (n + ) + (n + ) + (n + )} = , and the denominator is: {(n) + (n + 1) + + (n + )} = . therefore, the fraction is numerator/denominator (to the nearest tenth) =