Question

Jerry wants to borrow $10,000 to buy a used car. He examined his budget and decides that he can afford a payment of $200 a month. If his bank offers him an APR of 7.5%, how long should he borrow the money so he can afford his monthly payment?​

Answer 1

Explanation:

Jerry wants to borrow $10,000 to buy a used car. He examined his budget and decides that he can afford a payment of $200 a month. If his boss offers him an APR of 7.5%, how long should he borrow the money so he can afford his monthly payment?​ HE SHOULD BORROW THE MONEY FOR 5 MONTHS