Mathematics, 19.04.2020 09:43 5924000264
Your friend just purchased a new sports car for $32,000. He received $6,000 for his trade in and used that money as a dow
payment for the new sports car. He financed the vehicle at 10% APR over 48 months. He received a bonus check at work
ind paid off the loan after making 30 payments. Use the actuarial method formula and the table above to determine the
amount of unearned interest given that your monthly payment is $659.43.
$889.41
C. $659.43
.. $1,186.97
d. $600.00
Answers: 1
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Your friend just purchased a new sports car for $32,000. He received $6,000 for his trade in and use...
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