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

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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) About Me  (Show Source):
You can put this solution on YOUR website!
.

Substitute the given data into the given formula and calculate.

Happy calculations  ( ! )


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