Mary takes out a loan for $6,000 at a simple interest rate of 12% to be paid back in 36 monthly installments. What is the amount of her monthly payments?

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30-11-2022
Mathematics

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Mary takes out a loan for $6,000 at a simple interest rate of 12% to be paid back in 36 monthly installments. What is the amount of her monthly payments?

Sagot :

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