at the 2.5 year mark
i = .078/12 = ....
n = 2.5(12) = 30
follow the same steps I just showed you in your next post
When Maria Acosta bought a car 2.5 years ago, she borrowed $10,000 for 48 months at 7.8% compounded monthly. Her monthly payments are $243.19, but she'd like to pay off the loan early. How much will she owe just after her payment at the 2.5 year mark? (Round your answer to the nearest cent.)
1 answer