Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

# of Monthly Payments Annual Percentage Rate (APR) 10% 11% 12% 13% 14% 15% 16% 17% 18% 17 7.67 8.45 9.24 10.03 10.82 11.62 12.42 13.23 14.04 18 8.10 8.93 9.77 10.61 11.45 12.29 13.14 13.99 14.85 Your friend just purchased a new sports car for $32,000. He received $6,000 for his trade in and used that money as a down payment for the new sports car. He financed the vehicle at 10% APR over 48 months. He received a bonus check at work and paid off the loan after making 30 payments. Use the actuarial method formula and the table above to determine the amount of unearned interest given that your monthly payment is $659.43. a. $889.41 c. $659.43 b. $1,186.97 d. $600.00 Please select the best answer from the choices provided A B C D

Sagot :

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.