chemisgarcia770 chemisgarcia770

01-05-2024
Mathematics

Answered

You are buying a new car. You take out a 3 year loan for $10,000. The annual interest rate of the loan is 6%. You can calculate the monthly payment M for a loan using the formula, where L is the loan amounts in dollars, i is the monthly interest rate, and t is the term in months. Calculate the monthly payment.

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