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Claire needs to borrow $6000 to pay for NHL season tickets for her family. She borrows from the credit union with 36 monthly payments of
Claire needs to borrow $6000 to pay for NHL season tickets for her family. She borrows from the credit union with 36 monthly payments of $186.96 each with an APR of 6%. What amount must Claire come up with to pay off her loan if she paid in full at the time of the thirtieth payment and the credit union used the actuarial method for computing uneared interest? Claire must come up with $ to pay off her loan at the time of the thirtieth payment. (Round to the nearest cent as needed.)
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