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  3. the formula m = 12,000 + 12,000rt 12t gives keri's

The formula m = 12,000 + 12,000rt 12t gives Keri's monthly loan payment, where r...

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Accounting

The formula m = 12,000 + 12,000rt 12t gives Keri's monthly loan payment, where r is the annual interest rate and t is the length of the loan, in years. Keri decides that she can afford, at most, a $275 monthly car payment. Give an example of an interest rate greater than 0% and a loan length that would result in a car payment Keri could afford. Provide support for your answer.

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