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Economics

Suppose that in the loan described, the borrower made a larger payment, as indicated. Calculate (a) that time needed to pay off the loan, b) the total amount of the payments, and c) the amount of interest saved, compared with the original loan and payments.

A. a) 9 months b) $5712.39 c). $378.81 B. a) 9 months b) $6300 c) $444.81 C. a) 8 months b) $5600 c) $393.81 D. a) 8 months b) $5333.58 c) $291.81

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91406060

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