The formula m =
12,000 + 12,000rt
gives Keri's
121
monthly loan payment, where r is the annual
interest rate and t is the length of the loan, in
years.
Keri decides that she can afford, at most, a $275
monthly car payment. Give an example of an
interest rate greater than 0% and a loan length that
would result in a car payment Keri could afford.
Provide support for your answer.