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Bill Jorden has a 48-month installment loan with a fixed monthly payment of $176.14. The amount borrowed was $7500. Instead of making the 24" payment, Bill is paying off the rest of the loan. What is the
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Bill Jorden has a 48-month installment loan with a fixed monthly payment of

$176.14. The amount borrowed was $7500. Instead of making the 24" payment,
Bill is paying off the rest of the loan. What is the total amount due to pay off the
loan

User Chiro
by
7.1k points

1 Answer

2 votes

Answer:

7500

Explanation:

no interest will have to be paid

User Rhian
by
7.3k points
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