3. Merissa wants to borrow $ 12,000 to purchase a used boat. After looking at her monthly budget,
she realizes that all she can afford to pay per month is $250. The bank is offering a 6.1% loan.
What should the length of her loan be so that she can keep within her budget? Round to the
nearest year
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Home » Mathematics » 3. Merissa wants to borrow $ 12,000 to purchase a used boat. After looking at her monthly budget, she realizes that all she can afford to pay per month is $250. The bank is offering a 6.1% loan.