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Enrique has a 6 0 - month fixed installment loan, with a monthly payment of $ 7 0 . 9 7 . The amount he
Enrique has a month fixed installment loan, with a monthly payment of $ The amount he borrowed was $ at APR. Instead of making his th payment, Enrique is paying the remaining balance on the loan. Use the actuarial method to determine how much interest Enrique will save.
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