In the monthly payment formula M = \frac{{Pr(1 + r)^n}}{{(1 + r)^n - 1}}M=
(1+r)
n
−1...
Mathematics, 04.02.2022 15:40 jay4881
In the monthly payment formula M = \frac{{Pr(1 + r)^n}}{{(1 + r)^n - 1}}M=
(1+r)
n
−1
Pr(1+r)
n
, what value would you put for r if the interest rate is 6.3%?

A.
0.00525

B.
6.3

C.
0.525

D.
0.0063
Answers: 3
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