Carly took a $7,000, three-year loan with an APR of 8.15%. a. What is the monthly payment?

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Carly took a $7,000, three-year loan with an APR of 8.15%.
a. What is the monthly payment?
b. What is the total amount of the monthly payments?
c. What is the finance charge?

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 04:47 AM

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Carly took a $7,000, three-year loan with an APR of 8.15%. a. What is the monthly payment?

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a Use the monthly payment formula and ...View the full answer

Financial Algebra advanced algebra with financial applications

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