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Mathematics 21 Online
OpenStudy (anonymous):

Compute the monthly payments for an add-on interest loan of $2,000, with an annual interest rate of 18 percent and a term of 3 years. Round to the nearest cent as needed.

OpenStudy (alexwee123):

wait that's not it

OpenStudy (alexwee123):

do you have the value after 3 years?

OpenStudy (anonymous):

No, that's all I have.

OpenStudy (alexwee123):

because the question asks for monthly payments so it needs to add up to something

OpenStudy (alexwee123):

waiittttt

OpenStudy (alexwee123):

oh i see i see the formula would be

OpenStudy (alexwee123):

|dw:1334556963951:dw| "n"equal payments of R dollars earning the interest rate "i" per period

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