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Mathematics, 05.05.2020 02:29 jesseniaindiaaoyr75n

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Rodrigo applied for a $14,000 loan at an interest rate of 5.4% for 6 years. Use the monthly payment formula to complete the statement.

M =

M = monthly payment
P = principal
r = interest rate
t = number of years

Rodrigo’s monthly payment for the loan is , and the total finance charge for the loan is .

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