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Devonte makes and sells homemade jams and marmelades. After getting rave reviews from online influencers, he is having a hard time keeping up with demand.

Devonte makes and sells homemade jams and marmelades. After getting rave reviews from online influencers, he is having a hard time keeping up with demand. Devonte decides to expand his business and buy warehouse space and more equipment. Devonte calculates that he can afford to pay $ 18 , 000 per year for 6 years. a) How much would Devonte's monthly payment be if he pays $ 18 , 000 on his loan divided into equal payments every month? payment: $ b) How much could Devonte borrow if he makes monthly payments and the interest rate is 9 % interest

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