Question
You take out a 6-year amortized loan to buy a new car. After making monthly payments of $231.50 for 3 years, you still owe $7,879.
You take out a 6-year amortized loan to buy a new car. After making monthly payments of $231.50 for 3 years, you still owe $7,879. If you decided to pay the loan off, how much will you save in interest?
A total of $____ would be saved in interest?
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Property Finance
Authors: David Isaac
2nd Edition
0333987144, 978-0333987148
