Given a loan amount P an annual interest rate r and the

Last updated: 10/2/2023

Given a loan amount P an annual interest rate r and the length of the loan in years find the monthly payment R necessary to pay off the loan by completing parts a through c Represent t number of monthly payments by n Amount 120 000 n a Calculate P1 Rate 9 Time 15 years P 2 12 A Round to two decimal places as needed and call this number A