tanisha0515 tanisha0515
  • 17-07-2017
  • Mathematics
contestada

Raymond is taking out a $30,000 loan to purchase a camper. His bank offers him a 5-year loan at a 9% annual interest rate. What is the monthly interest rate on the loan?

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bomber425 bomber425
  • 17-07-2017
i will provide a formula 
30,000x.09
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