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Maricela was recently approved for an $18,000 loan for 5 years at an interest rate of 6.2%. Use the monthly payment formula to complete the
statement
M= (1 + 5* - 1
M= monthly payment
P= principal
r=interest rate
= number of years
Maricela's monthly payment for the loan iss
Answers: 3
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Maricela was recently approved for an $18,000 loan for 5 years at an interest rate of 6.2%. Use the...
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