Register
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.
52.3k views
5 votes
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
by
8.4k points

1 Answer

0 votes
her monthly payment would have to be $365.54.
User Mitchell Simoens
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!