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Sandy has one year of college left and she'll need a loan for $6,600 to finish her degree. She uses the following formula to determine her monthly payment with a 6% annual interest rate for 3 years. P=6600⋅0.
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Sandy has one year of college left and she'll need a loan for $6,600 to finish her degree. She uses the following formula to determine her monthly payment with a 6% annual interest rate for 3 years. P=6600⋅0.061−(1+0.06)−36

User Shezi
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her monthly payment would have to be $365.54.
User Mitchell Simoens
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