Multiple Choice
Use the actuarial method to find the payoff amount for the loan paid in full before its due date.
-Regular Monthly Payment: $417.31 APR: 12%
Remaining Payments After Payoff: 36
A) $13,830.91
B) $12,302.72
C) $12,981.63
D) $12,891.96
Correct Answer:
Verified
Correct Answer:
Verified
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