Mathematics, 06.04.2020 12:34 Ackussinglake63

Garrett took out a 6-month bank loan of $22,000 at an interest rate of 7.99%. Garrett budgets to pay $700 per month towards the loan. Write an equation that represents how much total interest Garrett will pay towards the remaining balance of the loan at the end of each year. Let m equal the number of months paid and r equal the interest charged on the remaining balance.

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Garrett took out a 6-month bank loan of $22,000 at an interest rate of 7.99%. Garrett budgets to pay...

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