Question 854997
125*4=500 plus interest 1% of 500 is $5
125+5=130 for first payment
balance due
375 +3.75=128.75  2nd payment
balance due
250+2.50=127.50
125+.1.25=126.25

5+3.75+2.50+1.25=12.50

or do you mean ?
.01/12*500=.42
.01/12*375=.31
.01/12*250=.21
.01/12*125=.10
42+31+20+10=1.04