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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 25
Estimate the following by rounding each number to hundreds; then divide to get the exact answer.
Eric Shotwell borrows $24,600 from the Mercantile Bank and Trust Co. The interest charge amounts to $8,664. What equal monthly payments must Eric make in order to pay back the loan, with interest, in 36 months?
Eric Shotwell borrows $24,600 from the Mercantile Bank and Trust Co. The interest charge amounts to $8,664. What equal monthly payments must Eric make in order to pay back the loan, with interest, in 36 months?
Explanation
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Steps for adding whole numbers:
Step 1:...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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