Grant borrowed $5,300 to remodel his bathroom, he agreed to make 30 monthly payments of $235. He

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Grant borrowed $5,300 to remodel his bathroom, he agreed to make 30 monthly payments of $235. He payed it off in 24 months. What is the amount neede to repay the loan in full using the rule of 78?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Mar 28, 2024 01:13 PM

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Grant borrowed $5,300 to remodel his bathroom, he agreed to make 30 monthly payments of $235. He

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Answer Answer First lets calculate the total interest payable over the loan term Grant made 30 month... View the full answer

Personal Finance

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