Giving brainliest if right!
Katelyn plans to apply for a $10,000 loan at an interest rate of 5.6% for 5 years. Use the monthly payment formula to complete the statement.
P (r/12) (1+r/12) ^12t
M = (1+r/12) ^12t-1
M = monthly payment
Pe principal
ra interest rate
t = number of years
Rounded to the nearest cent, Katelyn's monthly payment
the loan is $
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Giving brainliest if right! Katelyn plans to apply for a $10,000 loan at an interest rate of 5.6% for 5 years. Use the monthly payment ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Jose tracks how many times he gets fast food each month. He got fast food 121212 times in January, 101010 times in February, 151515 times in March, 444 times in April, and 222 times in May.
Answers (2)
The base is 52 square meters and the height is 3 meters what is the volume
Answers (1)
What is 4x-9 (-3) = -48?
Answers (1)
Choose all the fractions that are equivalent to 4/8. 2/6. 1/2. 3/6. 8/16. 7/11. 5/10.
Answers (1)
What is 12 1/15 + 7 5/16
Answers (2)
New Questions in Mathematics
If the area is 30 inches. What is the perimeter
Answers (2)
You are purchasing jeans and t-shirts. jeans cost $35. and t-shirt costs $15. you plane on spending $115 and purchasing a total of 5 items. how many pairs of jeans and how many t-shirt will you buy
Answers (1)
3. Three consecutive odd integers wn the three numbers? onsecutive odd integers when added together have the sum of five times the lowest number. What are the three numbers
Answers (1)
What # * what # equals 2079
Answers (2)
6x^3 The polynomial is classified as a?
Answers (1)