Ask Question
30 June, 23:16

3. Merissa wants to borrow $ 12,000 to purchase a used boat. After looking at her monthly budget,

she realizes that all she can afford to pay per month is $250. The bank is offering a 6.1% loan.

What should the length of her loan be so that she can keep within her budget? Round to the

nearest year

+5
Answers (1)
  1. 30 June, 23:39
    0
    Answer: the answer to this question is 5 years

    Step-by-step explanation:

    You must add the amount times the time it will take then devise by the percentage the bank is willing to offer
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “3. Merissa wants to borrow $ 12,000 to purchase a used boat. After looking at her monthly budget, she realizes that all she can afford to ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers