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PLEASE HELP (URGENT)! WILL MARK THE BRAINLIEST!!! PLEASE HELP!!!!!
Marcus is trying to determine the monthly payments he will need to pay off a $6000 loan in 3 years at an annual interest rate of 5%. He uses an online calculator and inputs the information shown but the output does not make sense. Why are the results from the online calculator not correct?

PLEASE HELP URGENT WILL MARK THE BRAINLIEST PLEASE HELPMarcus is trying to determine the monthly payments he will need to pay off a 6000 loan in 3 years at an a class=

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musiclover10045

According to the question the annual percentage rate is 5%, but in the online calculator he put 60%, when he needed to 5%.

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