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Mathematics, 03.07.2020 02:01 iiWavyArthur

Select the correct answer from each drop-down menu. 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

Rodrigo’s monthly payment for the loan is , and the total finance charge for the loan is .

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