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emmainna [20.7K]
3 years ago
8

What is the monthly payment for a loan if the amount financed is $12385, the APR is 6.9% for 5 years and the monthly payment per

$100 is $2.24?
Mathematics
1 answer:
V125BC [204]3 years ago
5 0
12385=X[(((1-(1+0.069/12)^(-12*5))/(0.069/12)]
Solve for x
X=244.65
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