Mathematics
Mathematics, 12.09.2021 22:00, eswi9731

Installments Mercedes takes out a loan for $15,000 at a simple interest rate of 4% to be paid back in 48 monthly
installments.
What is the amount of the monthly payments?
Round the answer to the nearest cent if necessary.

answer
Answers: 2

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Installments Mercedes takes out a loan for $15,000 at a simple interest rate of 4% to be paid back...

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