Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.43TI: Sean’s new car loan statement said he would pay $4,866.25 in interest from an interest rate of 8.5%...
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You find a house that you would really like to purchase that is listed for $487000. The bank offers you a loan at 5.75% APR for 15 years. Calculate your monthly payment. Round your answer to the nearest cent.

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