amrandall amrandall

25-10-2022
Mathematics

contestada

Given a loan amount P, an annual interest rate r, and the length of the loan in years, find the monthly payment R
necessary to pay off the loan by completing parts a through c. Represent the number of monthly payments by n.
Amount
$60,000
a. Calculate P
Rate
4%
Time
25 years
and call this number A.
A=(Round to two decimal places as needed.)

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