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Ashley borrowed money from her credit union to buy a camper.she took out a personal,amortized loan for $16,000,at an interest rate of 5.6%,with monthly payments
Ashley borrowed money from her credit union to buy a camper.she took out a personal,amortized loan for $16,000,at an interest rate of 5.6%,with monthly payments for a term of 4 years. for each part do not round any intermediate computations and round you final answers to the nearest cent. refer to the list of formulas
O CONSUMER MATHEMATICS Finding the monthly payment, total payment, and interest for a... Ashley borrowed money from her credit union to buy a camper. She took out a personal, amortized loan for $16,000, at an interest rate of 5.6%, with monthly pa For each part, do not round any intermediate computations and round your final answers to the ne If necessary, refer to the list of financial formulas. (a) Find Ashley's monthly payment. $ (b) If Ashley pays the monthly payment each month for the full term. find her total amount to repay the loan. su (c) If Ashley pays the monthly payment each month for the full term, find the total amount of interest she will payStep by Step Solution
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