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 (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is the standard form for y + 5 = 0?
Answers (2)
Use the substitution method to solve the system of equations. Choose the correct ordered pair. у = 8 х - 4 х = 4 A. (2, 4) в. (2, 12) с. (4, 28) d. (4, 4)
Answers (2)
Mr. Cole purchased oranges at a farmer's market. He paid $5.76 for 3.2 pounds of oranges. How much did Mr. Cole pay for each pound of oranges?
Answers (1)
The store buys a keyboard for $35 and sells it for $61.25. What percentage was the markup?
Answers (1)
Kayla is 13 years old. Her uncle says that his age minus 22 is equal to Kayla's age. How old is Kayla's uncle?
Answers (2)
New Questions in Mathematics
There is a number, which has five digits 5abc9. If this number is the square of an integer, where a, b, c each represent a missing digit and all five digits are different, then find this number.
Answers (1)
Andy's backpack weighs 2 1⁄4 pounds. If he removes a book that weighs 13 ounces, how much does the backpack now weigh?
Answers (1)
Amy can run 1/10 mile per minute. How many minutes will it twke Amy to run 3 miles?
Answers (2)
A company manufactures and sells x monitors each hour. The hourly price and cost equations are: p=500-0.8x C (x) = 4x+6000 a. Given that R (x) = xp, find the revenue function, R (x)
Answers (1)
What is y = - 3/4x-4/7
Answers (2)