Ask a New Question

Question



fixed installment loan of $13,500 with 60 months to pay back, monthly payments of $280.24. instead of making 36th payment, pays remaining balance on loan. how much interest saved? use acturial method u= n*p*v/100+v
14 years ago

Answers

Related Questions

$175,000 loan with 6% fixed apr over 15 years. How much would the payment be? FOR AN INSTALLMENT LOAN, A FORMULA IS USED TO FIND THE TOTAL AMOUNT OF INSTALLMENT PAYMENTS. THE FOR... Under the installment plan, the customer pays $24/month over 4 yr with interest charged on the balan... Survive a TV set by installment payments requires 20% deposit with the balance payable in equal amou... Joan used a fixed installment loan from her bank to finance her home renovation project. She borrow... Both revolving and installment credits have certain advantages and disadvantages. What is an advant... Is the installment on a loan a fixed cost or a variable cost What are "installment plans" that originated in the 1920s? the requirement of paying the total co... With a fixed payment loan, the amount of interest paid (decreases/increases) each period. What are installment payments? How did installment contribute to causing the Great Depression?
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use