kRh 100 + h u = unearned interest k = number of payments remaining, excluding the current one R= monthly payment h = finance charge per $100 for a loan with the same APR and k monthly payments Richard bought a 2014 GMC Terrain for $39,905. He made a down payment of $15,000 and paid $614 monthly for 4 years. The APR was 8.5% Richard was able to pay off his loan at the end of 30 months. Using the actuarial method, find the unearned interest. Unearned interest = $ A (Round your answer to two decimal places) Question 2 (1 point) Continued from previous problem... Using the actuarial method, find the payoff amount. Payoff Amount = $ A (Round your answer to two decimal places) Question 3 (1 point) Jennifer bought a new Ford Focus for $14,400. She made a down payment of $4,000 and made monthly payments of $319 for 3 years. The APR was 6.5%. Jennifer decided to pay off her loan at the end of 2 years. Using the actuarial method, find the unearned interest. Unearned interest = $ Jennifer decided to pay off her loan at the end of 2 years. Using the actuarial method, find the unearned interest. Unearned interest = $ A, (Round your answer to two decimal places) Question 4 (1 point) Continued from previous problem... Using the actuarial method, find the and payoff amount. Payoff Amount = $ (Round your answer to two decimal places) Question 5 (1 point) Rochelle bought four comforter sets for $900. She made a down payment of $100 and paid off the balance in 12 monthly payments of $71.05. The APR was 12% Rochelle decided to pay off her loan at the end of 6 months. Using the actuarial method, find the unearned interest. Unearned interest = $ A/ (Round your answer to two decimal places) Question 6 (1 point) Continued from previous problem... Using the actuarial method, find the payoff amount. Payoff Amount = $ MacBook Pro