4546 Refer to Figure 13.1.7 in each part. Suppose that $6000 is borrowed at an interest
Chapter 13, Problem 45(choose chapter or problem)
4546 Refer to Figure 13.1.7 in each part. Suppose that $6000 is borrowed at an interest rate of 11%.(a) Estimate the monthly payment on the loan.(b) If the interest rate drops to 9%, estimate how muchmore can be borrowed without increasing the monthlypayment.
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