Ask a New Question

A farmer buys a new tractor for $38,000. He makes a down payment of $10,000 and finances the balance at 8.5% APR over 48 months. Before making the 12th payment, the farmer decides to pay the remaining balance on the loan. How much interest will the farmer save (use the actuarial method)?

3 answers

I need help on this one please

Sorry -- but I know nothing about the actuarial method.

ok, thanks anyway

Ask a New Question or answer this question.

Similar Questions

a tractor of mass 5.0×10^3kg is used to tow a car of mass 2.5×10^3kg. The tractor moved with a speed of 3.0m/s just before the
1. 4 answers
Im stuck on these multiply choice questions for math. Please help. It's due tomorrow!!Question 1- Bob received a credit card
1. 8 answers
A couple buys a $170000 home, making a down payment of 18%. The couple finances the purchase with a 15 year mortgage at an
1. 1 answer
A farmers buys n sheep at #a each .When taking the sheep to the market ,8 of them lost. if the farmer sells the remaining of
1. 2 answers

more similar questions