Bill borrows 3500 dollars, to be repaid with 12 equal monthly payments, the first coming 6 months from now. If the rate of interest is 8.1 percent convertible monthly, what is Bill's monthly payment? Thank you!
Bill borrows 3500 dollars, to be repaid with 12 equal monthly payments, the first coming 6 months from now. If the rate of interest is 8.1 percent convertible monthly, what is Bill's monthly payment? Thank you!
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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Bill borrows 3500 dollars, to be repaid with 12 equal monthly payments, the first coming 6 months from now. If the rate of interest is 8.1 percent convertible monthly, what is Bill's monthly payment? Thank you!
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