Mathematics, 20.10.2021 14:00, brettswain1342
A retired couple buys a new recreational vehicle (RV) for $42,000.00.
They make a down payment of $13,000.00 and finance the balance at 9.0% APR over 60 months.
Their monthly payment is $601.99.
Before making the 12th payment, the couple decides to pay the remaining balance on the loan.
Use the actuarial method to determine how much interest the couple will save.
Answers: 3
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A retired couple buys a new recreational vehicle (RV) for $42,000.00.
They make a down payment of...
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