Solve the problem. Use an annual percentage rate table if necessary.Enrique has a 60-month fixed installment loan, with a monthly payment of $50.69. The amount he borrowed was $2500. Instead of making his 36th payment, Enrique is paying the remaining balance on the loan. How much interest will Enrique save (use the actuarial method)?
A. $96.86
B. $103.90
C. $95.72
D. $91.73
Answer: C
You might also like to view...
The graph of a function f is given. Use the graph to answer the question.Use the graph of f given below to find f(-15).
A. -15 B. 0 C. 25 D. -10
Solve the problem.Solve abcx-d = k for x. Assume that b > 0, b ? 1, and that the constants have values for which the equation has exactly one real number solution.
What will be an ideal response?
Solve using Cramer's rule. 5x - 7y - z = -28 x - 9y + 5z = -12-4x + y + z = -8
A. (6, -7, -9) B. (6, 7, 9) C. (7, 9, 7) D. (7, 5, 9)
Solve the problem.A rumor is spread at an elementary school with 1200 students according to the model 
where N is the number of students who have heard the rumor and d is the number of days that have elapsed since the rumor began. How many days must elapse for 500 to have heard the rumor?
Fill in the blank(s) with the appropriate word(s).