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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 $200.43 each with an APR of 8.5%. What would Claire save in interest if she paid in full at the time of the 24TH payment and the credit union used the actuarial method for computing unearned interest
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