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AlgebraQ&A LibraryThe monthly payment P (in S) to pay off a loan of amount A (in S) at an interest rate r in t years is given by Ar P = 12 -12t* :-(1+) a. Solve for t (note that there are numerous equivalent algebraic forms for the result). b. Interpret the meaning of the resulting relationship.Start your trial now! First week only $4.99!*arrow_forward*

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