P r_n Suppose that you borrow $16,000 for three years at 6% toward the purchase of a car. Use PMT = find the monthly payments and the total interest for the loan. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) -nt

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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The monthly payment is ​$    enter your response here. ​(Do not round until the final answer. Then round to the nearest cent as​ needed.)
P
r_n
Suppose that you borrow $16,000 for three years at 6% toward the purchase of a car. Use PMT =
find the monthly payments and the total interest for the loan.
The monthly payment is $
(Do not round until the final answer. Then round to the nearest cent as needed.)
-nt
Transcribed Image Text:P r_n Suppose that you borrow $16,000 for three years at 6% toward the purchase of a car. Use PMT = find the monthly payments and the total interest for the loan. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) -nt
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