Ask Question
15 April, 10:52

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?

+5
Answers (1)
  1. 15 April, 12:45
    0
    Hi there

    total payments

    437.78*12

    =5,253.36

    If Jocelyn pays off the loan

    437.78*5+2,897.95

    =5,086.85

    she will save

    5,253.36-5,086.85

    =166.51

    Good luck!
Know the Answer?
Not Sure About the Answer?
Get an answer to your 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 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers