Mathematics, 12.02.2020 01:34 rk193140

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Gus applied for a $12,000 loan with an interest rate of 7.3% for 5 years. Use the monthly payment formula to complete the statement.

M =

M = monthly payment
P = principal
r = interest rate
t = number of years

His monthly payment for the loan will be $, and the total finance charge for the loan will be $.

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Gus applied for a $12,000 loan with...