Solve the problem. Use an annual percentage rate table if necessary.Sarah Yost took out a 48-month fixed installment loan of $17,000 to open a gift shop. She began making monthly payments of $423.05. Sarah's business does better than expected and instead of making her 12th payment, Sarah decides to repay her loan in full. How much interest will Sarah save (use the actuarial method)?
A. $2205.29
B. $1907.97
C. $1926.35
D. $1872.84
Answer: C
Mathematics
You might also like to view...
Find the indicated limit or state that it does not exist.
A. 10 B. 0 C. 5 D. No limit
Mathematics
Estimate the indicated component or components of the vector. Round to an appropriate number of significant digits.
= 20.2, ? = 58.1°; Find the horizontal component of v.
A. 17.1 B. 27.8 C. 10.7 D. 6.4
Mathematics
Solve the inequality. Describe the solution set with interval notation.-42x - 42 ? -6(6x + 11)
A. (-?, 4) B. (4, ?) C. (-?, 4] D. [4, ?)
Mathematics
Find the indicated partial sum for the sequence.-5, -3, -1, 1, 3, . . . ; S5
A. -25 B. 23 C. 65 D. -5
Mathematics