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Mr. Vargas bought a motor home a few months ago. He made a large down payment and received an interest-free loan. After 5 monthly payments, the loan balance
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Mr. Vargas bought a motor home a few months ago. He made a large down payment and received an interest-free loan. After 5 monthly payments, the loan balance
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Question 960262: Here's the question:
Mr. Vargas bought a motor home a few months ago. He made a large down payment and received an interest-free loan. After 5 monthly payments, the loan balance was $52,455. After 8 monthly payments, the loan balance was $50,928. What are the meaning and the value of the slope of the line representing the loan balance? Answer by harpazo(655) (Show Source):
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