Question: Select the correct answer from each drop-down menu. Gus applied for a $12,000 loan with an interest rate of 7.3% for 5 years. Use

Select the correct answer from each drop-down menu. Gus applied for a $12,000 loan with an interest rate of 7.3% for 5 years. Use the monthly payment formula to complete the statement. P(+) (1+ (1+) M = 12 M monthly payment P = principal r=interest rate t = number of years His monthly payment for the loan will be $ and the total finance charge for the loan will be $

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