Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced. Assume that you take out a $3000 loan for 30 months at 8.5% APR. What is the monthly payment? (Round your answer to the nearest cent.)
$

111.35

Step-by-step explanation:

effective rate: .085/12= .007083333333333333

payment=x

25/6

step-by-step explanation:

you multiply 4 by the denominator (4*6=24) and add it to the numerator which makes it 25/6.

step-by-step explanation:

rectangles are made up of 4 right angles, which means that a side and a base meet perpendicular to one another.   their slopes then have to reflect perpendicular slopes.   perpendicular slopes are opposite reciprocals of one another.   for example, if the slope of one line is +2/3, then the perpendicular slope to that would be -3/2.   so we look for that combination in our choices.

all of them satisfy that condition (so what's the question, i guess? )