6) Jordan took out a simple interest loan of $1525 at 8% for 6 months with a payment of back $260.17. After 3 payments the balance is $769.98. She pays off the loan on the next payment. What is the interest? What is the final payment? How much interest is s by paying the loan off early? (10pts) 

Answer rating: 100% (QA)

To solve this problem we can break it down into three parts calculating the interest determining the ... View the full answer