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Mathematics 12 Online
OpenStudy (anonymous):

What is the monthly payment for a loan if the amount to finance is $12,385, the APR is 6.9 percent for 5 years and the monthly payment per $100 is $2.44?

OpenStudy (dumbcow):

apply the proportion \[\frac{M}{12,385} = \frac{2.44}{100}\]

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