Multiple Choice
Use the actuarial method to find the amount of unearned interest for the loan paid in full before the due date.
-Amount Financed: $23,000 Regular Monthly Payment: $583.34
Total Number of Payments scheduled: 48
Loan repaid in full instead of making: 36th payment
A) $364.93
B) $334.52
C) $382.14
D) $385.00
Correct Answer:
Verified
Correct Answer:
Verified
Q132: For the given investment, assume that
Q133: Solve the problem.<br>-How many monthly payments of
Q134: Which of the following rules, methods, or
Q135: Solve the problem.<br>-The average cost of a
Q136: Solve the problem. Assume that simple interest
Q138: Solve the problem. Use an annual percentage
Q139: <span class="ql-formula" data-value="\$ 8000"><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mi
Q140: Solve the problem using the rule of
Q141: $900 at 3% for 1 year<br>A)$27<br>B)$270<br>C)$3.00<br>D)$2.70
Q142: Find the total monthly payment, including taxes