using the rule of 78s. Dallas Wright took out a 48-month fixed installment loan of $6500 to purchase a new all-terrain vehicle (ATV). He began making monthly payments of $227.50. Instead of making his 25th payment, Dallas decides to repay his loan in full. How much interest will Dallas save? a. $2562.86 b. $1037.35 c. $45.38 d. $991.37

using the rule of 78s. Dallas Wright took out a 48-month fixed installment loan of $6500 to purchase a new all-terrain vehicle (ATV). He began making monthly payments of $227.50. Instead of making his 25th payment, Dallas decides to repay his loan in full. How much interest will Dallas save? a. $2562.86 b. $1037.35 c. $45.38 d. $991.37

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

using the rule of 78s.

Dallas Wright took out a 48-month fixed installment loan of $6500 to purchase a new all-terrain vehicle (ATV). He began making monthly payments of $227.50. Instead of making his 25th payment, Dallas decides to repay his loan in full. How much interest will Dallas save?

$2562.86

$1037.35

$45.38

$991.37

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