Ask Question
30 March, 03:20

Suppose you have a 12-month loan of $1,200.00 at 12% interest to purchase a lawn mower and other gardening equipment. Each monthly payment is $106.56. The balance after the fourth payment is $816.04. How much do you save by paying off the loan with the fifth payment?

+1
Answers (1)
  1. 30 March, 03:41
    0
    I will save $280.4 by paying off the loan with the fifth payment.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose you have a 12-month loan of $1,200.00 at 12% interest to purchase a lawn mower and other gardening equipment. Each monthly payment ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers