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Enrique has a 60-month fixed installment loan, with a monthly payment of $70.97. The amount he borrowed was $3,500.00 at 8.0% APR. Instead of making

Enrique has a 60-month fixed installment loan, with a monthly payment of $70.97. The amount he borrowed was $3,500.00 at 8.0% APR. Instead of making his 36th 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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