Question: Please help me solve part a and b showing all steps and replacing the formulas letters with numbers so I don't get confuse. Please. .
Please help me solve part a and b showing all steps and replacing the formulas letters with numbers so I don't get confuse. Please.
Will has a year mortgage on a $ loan for his house in Florida. The interest rate on the loan is per year nominal interest payable monthly at per month.
a What is Will's monthly payment?
b If Will doubles his payment from Part a when will the loan be completely repaid?
a The monthly payment is $Round to the nearest dollar
b If Will doubles the monthly payment, he will repay the loan in months. Round to the nearest whole number.
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