Create and solve the equation Peggy took out a personal loan for $30,000, with an annual...
Create and solve the equation
Peggy took out a personal loan for $30,000, with an annual interest rate of 2% to invest in her business. She has six years to pay back the loan. During the first year, Peggy made
$10,000 to pay on her loan. How much in monthly payments would Peggy need to meet her deadline?
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Create and solve the equation
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