SOLUTION: Is it 405? I want to check my answer.
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
Algebra.Com
Question 1184932: Is it 405? I want to check my answer.
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 = monthly payment
P = principal
r = interest rate
t = number of years
The question is provided in the link here:: https://i.imgur.com/uY0kP9W.png
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.
Substitute the given data into the given formula and calculate.
Happy calculations ( ! )
Why the tutors should do this MECHANICAL WORK for you and/or instead of you ?
Could you explain me PLEASE you think that tutors should do YOUR JOB ?
RELATED QUESTIONS
Is it 405? I want to check my answer.
Maricela was recently approved for an $18,000... (answered by MathLover1)
Is it D? I want to check my answer.
Bob has taken out a loan of $15,000 for a term of... (answered by Theo)
Is it D? I want to check my answer.
Bob has taken out a loan of $15,000 for a term of... (answered by ikleyn)
Is it 9,050.25? I want to check my answer.
Topic: Financial Mathematics
Anna wants (answered by ikleyn,MathLover1,greenestamps)
Is it 841.09? I want to check my answer.
Type the correct answer in the box. Use... (answered by ikleyn)
Is it 841.09? I want to check my answer
Type the correct answer in the box. Use... (answered by ikleyn)
Is it 841.09? I want to check my answer
Type the correct answer in the box. Use... (answered by MathLover1)
Is it 841.09? I want to check my answer
Type the correct answer in the box. Use... (answered by ikleyn)
Find the monthly payment for the loan indicated. (Round your final answer to two decimal... (answered by MathLover1)