2 points
3a. Bart needs to borrow $7,000 from a local bank. He compares the
monthly payments for 9.75% loan for three different periods of time. What
is the monthly payment for a 1-year loan? (Only type in the answer. No
words. Example: $32.50) *** Leave all numbers after the decimal until the
very end!!! Then round to the nearest hundredth place.***
A = P (1 + r)
Your answer