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16-12-2019
Mathematics

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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

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jalenbrooks9934 jalenbrooks9934

16-12-2019

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

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