A loan of $10,967 was repaid at the end of 18 months. What size repayment check (principal and interest) was written, if an 8.6% annual rate of interest was charged? (...) The amount of the repayment check was $ (Round to two decimal places.)
A loan of $10,967 was repaid at the end of 18 months. What size repayment check (principal and interest) was written, if an 8.6% annual rate of interest was charged? (...) The amount of the repayment check was $ (Round to two decimal places.)
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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