Rodrigo applied for a $14,000 loan at an interest rate of 5.4% for 6 years. Use the monthly payment formula to complete the statement. M = M = monthly payment P = principal r = interest rate t = number of years

A= $19354.71

At the end of 6 years

Step-by-step explanation:

$14,000 loan at an interest rate of 5.4% for 6 years.

Amount to be paid at the end of the six years is

A= p(1+r/n)^(nt)

P= $14000

r= 0.054

t = 6

n = 6*12 = 72

A= 14000(1+0.054/72)^(72*6)

A= 14000(1+ 0.00075)^(432)

A= 14000(1.00075)^(432)

A= 14000(1.38247941)

A= 19354.71

A= $19354.71

answer: 4/6 =5/7.5

step-by-step explanation: it is based on scale and the scale between the two is 1.25. the answer is correct but i dont know if i explained it right