Mathematics, 29.07.2020 04:01 AandK2326
The formula m = (12,000 + 12,000rt)/12t gives Keri's monthly loan payment, where r is the annual interest rate and t is the length of the loan, in years. Keri decides that she can afford, at most, a $275 monthly car payment. Give an example of an interest rate greater than 0% and a loan length that would result in a car payment Keri could afford. Provide support for your answer.
Answers: 1
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The formula m = (12,000 + 12,000rt)/12t gives Keri's monthly loan payment, where r is the annual int...
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