Question
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
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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Answer Answer First lets calculate the total interest payable over the loan term Grant made 30 month...
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
