PLEASE HELP!!! Suppose Jana borrows $47,100 and agrees to make 60 monthly payments of $995. She decides to pay the debt in full after 52 months. Calculate the amount needed to repay her loan in full. Use

PLEASE HELP!!!

Suppose Jana borrows $47,100 and agrees to make 60 monthly payments of $995. She decides to pay the debt in full after 52 months. Calculate the amount needed to repay her loan in full. Use the rule of 78.

A. $7,712.13
B. $7,960.00
C. $247.87
D. $12,600.00

2 Answers

PLEASE HELP!!! Suppose Jana borrows $47,100 and agrees to make 60 monthly payments of $995. She decides to pay the debt in full after 52 months. Calculate the amount needed to r…

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