Solve the problem.The Habers purchase a $7000 living room set, putting $500 down and agreeing to pay $350.50 each month for 2 years. After 14 payments, they decide to pay off the note. How much is saved in interest? How much is needed to pay the balance of the loan?
A. $350.53, $3154.47
B. $353.37, $3152.13
C. $351.71, $3153.79
D. $357.65, $3147.85
Answer: A
Mathematics
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