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PLEASE HELP
Nestor is building a new swimming pool for ​$11,000. He makes a ​$1,000 down payment and the builder gives him an​ add-on loan, charging him an annual interest rate of 7.7​%. If he takes a 6​-year ​loan, what will​ Nestor's monthly payments​ be?

Respuesta :

rach5566
$11,000
-$1,000
_______
$10,000 * 7.7% = $700

$700/6 = $116.70 

Nestor's monthly payment will be roughly about $116.70

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