Question: please need help on 6 and 7 -1 POINTS MY NOTES ASK YOUR TEACHER Warning: Rounding in the calculation of monthly interest rates is discouraged.
-1 POINTS MY NOTES ASK YOUR TEACHER Warning: 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 Use the Estimation Rule for Short-Term Loans to estimate the monthly payment on a loan of $5000 borrowed over a four-year period. (Round your answer to the nearest cent.) The monthly payment is at leasts -11 POINTS MY NOTES | ASK YOUR TEACHER Warning: 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 over a period of 25 years. Use the Estimation Rule for Long-Term Loans to estimate the monthly payment on a loan of $250.000 at an APR of The monthly payment is at least
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