Mathematics, 11.02.2020 00:51, kajjumiaialome

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

a. 19 %

b. 20 %

c.21 %

d. 24 %

Answers: 1

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Rodrigo applied for a $14,000 loan at an interest rate of 5.4% for 6 years. Use the monthly payment...