Let denote the monthly payment if you borrow P dollars at a monthly rate of r expressed as a decimal, and the loan is repaid in t months.Use functional notation to indicate the monthly payment if you borrow 5726 dollars at an APR of 9.44 percent, and you repay the loan in 5 years.Use 3 decimal places for r.

Question

Let  denote the monthly payment if you borrow P dollars at a monthly rate of r expressed as a decimal, and the loan is repaid in t months.Use functional notation to indicate the monthly payment if you borrow 5726 dollars at an APR of 9.44 percent, and you repay the loan in 5 years.Use 3 decimal places for r.

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The Answer of Let  denote the monthly payment if you borrow P dollars at a monthly rate of r expressed as a decimal, and the loan is repaid in t months.Use functional notation to indicate the monthly payment if you borrow 5726 dollars at an APR of 9.44 percent, and you repay the loan in 5 years.Use 3 decimal places for r.

Let Denote the Monthly Payment If You Borrow P