Sally’s parents loaned her $7500 to buy a used car at an interest rate of 7.5%. Sally wants to have the car plus interest paid off in 2 years. How much would sally have to pay a month to reach her goal?

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
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Sally’s parents loaned her $7500 to buy a used car at an interest rate of 7.5%. Sally wants to have the car plus interest paid off in 2 years. How much would sally have to pay a month to reach her goal?
Sally's parents loaned her $1500 to bay
a used Car at an Interest rate of 1.5%,
Sally Wants to have the car plus Interest
paid CFF in 2 years. How much would
Sally have to pay a monthto reach her
goale
Transcribed Image Text:Sally's parents loaned her $1500 to bay a used Car at an Interest rate of 1.5%, Sally Wants to have the car plus Interest paid CFF in 2 years. How much would Sally have to pay a monthto reach her goale
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