Mathematics, 14.06.2020 01:57 jasoncarter
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Rodrigo applied for a $14,000 loan at an interest rate of 5.4% for 6 years. Use the monthly payment formula to complete the statement.
M =
M = monthly payment
P = principal
r = interest rate
t = number of years
Rodrigo’s monthly payment for the loan is , and the total finance charge for the loan is .
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