Question

You took out a simple interest loan of $6000.00 at 10% for 24 months.
What is your monthly payment? [2 pts]
$600
After 4 payments your balance is $ 5082.21; What is the next payment if he pays off the loan? [2 pts]
$5,082.21- $6,600= $1,517.79
How much does he save by paying off the loan early? [2 pts]

Answer 1

Answer:

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