Aretired couple buys a new recreational vehicle (rv) for $ 54 comma 000.00. they make a down payment of $13,000 and finance the balance at 9.0% apr over 60 months. before making the 36th payment, the couple decides to pay the remaining balance on the loan. how much interest will the couple save (use the actuarial method)?

Interest saved by the couple = $3497.12

The answer and procedures of the exercise are attached in the following archives.

Explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

answer; measurable outcome;

answer casual models;