Mark borrowed $18,742 to help pay for expenses. If the loan carries an annual interest rate of 3.9% and he wants to be debt free in 3 years by making monthly payments, how much will each payment be? Round your answer to the nearest dollar.
Mark borrowed $18,742 to help pay for expenses. If the loan carries an annual interest rate of 3.9% and he wants to be debt free in 3 years by making monthly payments, how much will each payment be? Round your answer to the nearest dollar.
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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Mark borrowed $18,742 to help pay for expenses. If the loan carries an annual interest rate of 3.9% and he wants to be debt free in 3 years by making monthly payments, how much will each payment be?
Round your answer to the nearest dollar.
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