Lee purchased an automobile for $17,000 with a 16.0% APR for 78 months. Lee pays off the loan in 30 months. How much interest will Lee receive?
2 answers
Lee won't "receive" any interest. But, if you want to know how much interest he'll save, then figure the interest he'd pay for 6 1/2 years (78 months). Then figure the interest he'll pay for 2 1/2 years (30 months). Subtract the difference.
Hi. My name is Niels, and i come from Denmark. i go to business school, and i am doing a project right now about North Korea.
it is includes the two subjects: society, and international economy.
the exact thing i am writing about is: North Koreas economy, the people in North Korea and North Korea's future.
i am going to an examination soon, where i have to tell some of the most important things in my project, but i also have to include some new things. i hope you can help me, with which new things would be good to include.
the best regards, Niels
it is includes the two subjects: society, and international economy.
the exact thing i am writing about is: North Koreas economy, the people in North Korea and North Korea's future.
i am going to an examination soon, where i have to tell some of the most important things in my project, but i also have to include some new things. i hope you can help me, with which new things would be good to include.
the best regards, Niels
1 answer