Ciana wants to take out a $7,500 loan with a 5.3% APR. She can afford to pay
Question:
a. What should be the length of her loan? Round to the nearest tenth of a year.
b. What would an increase of $20 to the monthly payment have do to the length of her loan?
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Step by Step Answer:
a Use the loan length formula and substitute 7500 for p 0...View the full answer
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Related Book For 
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Question Posted:
