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2 August, 10:26

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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Answers (1)
  1. 2 August, 10:46
    0
    Answer: the answer to this question is 5 years

    Step-by-step explanation:

    You must add the amount times the time it will take then devise by the percentage the bank is willing to offer
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