## Maricela was recently approved for an $18,000 loan for 5 years at an interest rate of 6.2%. Use the monthly payment formula to complete the<

Question

Maricela was recently approved for an $18,000 loan for 5 years at an interest rate of 6.2%. Use the monthly payment formula to complete the

statement

M= (1 + 5* – 1

M= monthly payment

P= principal

r=interest rate

= number of years

Maricela’s monthly payment for the loan iss

in progress
0

Math
1 month
2021-10-21T01:22:38+00:00
2021-10-21T01:22:38+00:00 2 Answers
0 views
0
## Answers ( )

Answer:top is wrong my teacher told me the answer its

349.67

Answer:

Its 405 dollars per month