Question
Marcus is trying to determine the monthly payments he will need to pay off a $6000 loan in 3 years at an annual interest rate
Marcus is trying to determine the monthly payments he will need to pay off a $6000 loan in 3 years at an annual interest rate of 5%. He uses an online calculator and inputs the information shown but the output does not make sense.Why are the results from the online calculator not correct?
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College Algebra Graphs and Models
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
5th edition
321845404, 978-0321791009, 321791002, 978-0321783950, 321783956, 978-0321845405
