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...

Use ? or ? in the blank to make a true statement.{4, 6, 8}    {3, 4, 5, 6, 8}

A. ? B. ?

Mathematics

The line graph shows the recorded hourly temperatures in degrees Fahrenheit at an airport. Use the graph to answer the question.During which hour did the temperature increase the most?

A. 1 p.m. to 2 p.m. B. 9 a.m. to 10 a.m. C. 10 a.m. to 11 a.m. D. 12 p.m. to 1 p.m.

Mathematics

Plot the point on the rectangular coordinate system provided. Write the corresponding letter as your answer.(-5, -4)

A. G B. I C. A D. L

Mathematics

Change to the equivalent decimal.7

A. 234.333 B. 7.03 C. 1.1 D. 1.03

Mathematics