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11-04-2024
Mathematics

Answered

Jennifer Oswald obtained a $5,290 loan at 8% for 24
months. Her monthly payment is $239.25, After 13
payments, the balance is $2,529.48. What is the interest
on the 14th payment? What is the payment if she pays
off the loan with the 14th payment? How much interest is
saved by paying the loan off early?
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Answer :

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