homework6859 homework6859

12-12-2022
Mathematics

Answered

Justin wants to borrow $14,184 to buy a used car. He examined his budget and
decided that he can afford a payment of $400 per month. If his bank offers him an
APR of 9%, how long should he borrow the money so he can afford his monthly
payment? Round to the nearest tenth of a year.

Answer :

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