Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.6 Cars - Concept and Vocabulary Check - Page 546: 1


$PMT$, $P$, $n$, $t$, $r$

Work Step by Step

$PMT$ is the regular payment amount required to repay a loan of $P$ dollars paid $n$ times per year over $t$ years at an annual interest rate of $r$.
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