Question
A retired couple buys a new recreational vehicle (RV) for $ 50 comma 000.00 . They make a down payment of $13,000 and finance the
A retired couple buys a new recreational vehicle (RV) for $ 50 comma 000.00 . They make a down payment of $13,000 and finance the balance at 9.0% APR over 60 months. Before making the 24 th payment, the couple decides to pay the remaining balance on the loan. How much interest will the couple save (use the actuarial method)?
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Computational Finance And Its Applications
Authors: C. A. Brebbia, M. Costantino
1st Edition
1853127094, 978-1853127090
