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If you take out an auto loan of $12,000 at 6.5% interest for 18 months, what will your monthly payment be? Round your answer to the nearest cent.

Respuesta :

Answer:

$14040.00

Step-by-step explanation:

To find simple interest use the formula = I=PRT

P = Principal (Money)

R = Rate (the % but in decimal form)

T = Time (in months)

Hope this helps :)

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