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Mathematics, 07.05.2020 09:57 accis
Rodrigo applied for a $14,000 loan at an interest rate of 5.4% for 6 years. Use the monthly payment formula to complete the statement. M = M = monthly payment P = principal r = interest rate t = number of years Rodrigo’s monthly payment for the loan is , and the total finance charge for the loan is
a. 19 %
b. 20 %
c.21 %
d. 24 %
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Rodrigo applied for a $14,000 loan at an interest rate of 5.4% for 6 years. Use the monthly payment...
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