Final answer:
Explanation of how to calculate the amount to be paid in the 4th month starting with an initial debt of [tex]$26 with monthly compounding interest.
Explanation:
To calculate the amount to be paid in the 4th month with an initial debt of $[/tex]26, we need to understand the concept of compound interest. When interest is compounded monthly, the formula to calculate the amount is A = P(1 + r/n)^(nt), where A is the amount, P is the principal amount, r is the interest rate, n is the number of times interest is compounded per time period, and t is the time in years.
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