nester is building a new swimming pool for $11,000. He makes a $2,000 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? do I use a=p(1+n)t for this problem?
nester is building a new swimming pool for
$11,000. He makes a $2,000 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? do I use a=p(1+n)t for this problem?
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