Suppose that you borrow $12,000 for five years at 8% toward the purchase of a car. Use PMT= interest for the loan. C The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) [-(+3)¯] to find the monthly payments and the total

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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Suppose that you borrow $12,000 for five years at 8% toward the purchase of a car. Use PMT=
interest for the loan.
C
The monthly payment is $
(Do not round until the final answer. Then round to the nearest cent as needed.)
[-(+3)¯]
to find the monthly payments and the total
Transcribed Image Text:Suppose that you borrow $12,000 for five years at 8% toward the purchase of a car. Use PMT= interest for the loan. C The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) [-(+3)¯] to find the monthly payments and the total
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