Question: off the loan early? rest Saved = Total Payback - (Sum of Previous Paymetns + Final Payment) Substitute given values. = (6 . $310.50) (3

off the loan early? rest Saved = Total Payback - (Sum of Previous Paymetns + Final Payment) Substitute given values. = (6 . $310.50) (3 . $310.50) + $922.84] Multiply 3 . $310.50. $1,863.00 $931.50 + $922.84] Add inside brackets. $8. 66 = $1,863.00 - $1,854.34 They saved $8. 66. cept Check mplete the problem. (From Example 1) You plan to finance the purchase of a $1,200 electric scooter with a 12-month loan at 12% interest with a balance of $816.04 after the fourth payment. What is the final payment amount if you pay off the loan with the fifth payment? mplete the problem. (From Example 2)

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