3 years ago

In the monthly payment formula , what value would you put for r if the interest rate is 5.7%?

Mathematics

2 answers:

Ratling [72]3 years ago

5 0

Answer:0000.54

Step-by-step explanation:

natulia [17]3 years ago

3 0

In the monthly payment formula r is the percentage rate as a decimal.

To turn a percentage into a decimal, move the decimal point 2 places to the left.
5.7% becomes 0.057

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