Question

Jocelyn Denot took out a $4,800 installment loan at 17% for 12 months for remodeling expenses. Her monthly payments were $437.78. After five payments, the balance due was $2,897.95. If Jocelyn pays off the loan with the sixth payment, how much will she save?

Answer 1

Total payments = 12*437.78

If she pays off balance
----> Total = 5*437.78 + 2897.95

Find the difference

Answer 2

thx

Answer 3

yw:)