Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Jeslie Ann has a 48-month installment loan with a fixed monthly payment of $71.39. The amount she borrowed was $3100. Instead of making her 18th
Jeslie Ann has a 48-month installment loan with a fixed monthly payment of $71.39. The amount she borrowed was $3100. Instead of making her 18th payment, Jeslie Ann is paying off the remaining balance of the loan. Answer parts a) determine the apr on the installment loan b) how much interest will jeslie ann save by paying off the loan early c) the payoff amount is?
571.3. The amount she borrowed 3100. Instead of making her 10 payment Jeslie Ann is paying of the remaining balance of the loan Anwwer parts ajowgh c) below centage Rate aj Determine the APR on the mention (ype an inter or a decimal) the loan sarty How much interest Jeslim wave by paying Jeslie Ann wie Round to the nearestent as needed.) c) What is the total amount to pay off the loan? The payoff amount is 5 (ype an integer or a decimal) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started