Question: Solve the problem. Use an annual percentage rate table if necessary. Enrique has a 60-month fixed installment loan, with a monthly payment of $77.86. The

Solve the problem. Use an annual percentage rate table if necessary. Enrique has a 60-month fixed installment loan, with a monthly payment of $77.86. The amount he borrowed was $3,500.00. Instead of making his 12th payment, Enrique is paying the remaining balance on the loan How much interest will Engrique save. Use the actuarial method .

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