Question: he puts 1500 down payment 4. Xu took out a 60-month fixed installment loan of $13,400 to open a dispensary. $1500 down payment and began

he puts 1500 down payment 4. Xu took out a 60-month

fixed installment loan of $13,400 to open a dispensary. $1500 down payment

he puts 1500 down payment

4. Xu took out a 60-month fixed installment loan of $13,400 to open a dispensary. $1500 down payment and began making monthly payments of $228. Xu business d. expected so instead of making the 36th payment Xu wishes to pay off the balance of a) Determine the APR of the loan. b) How much will Xu save by paying off the loan early? c) What is the amount to due to pay off the loan? 4. Xu took out a 60-month fixed installment loan of $13,400 to open a dispensary. He made a $1500 down payment and began making monthly payments of $228. Xu business does better th expected so instead of making the 36th payment Xu wishes to pay off the balance of the loan. a) Determine the APR of the loan. b) How much will Xu save by paying off the loan early? c) What is the amount to due to pay off the loan

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