Wednesday
October 22, 2014

Homework Help: Math

Posted by SSS on Sunday, August 3, 2014 at 5:40pm.

I'm having a bit of trouble with the following problem. Thanks!

Kevin bought a new car for $22,000. He made a down payment of $5,500 and has monthly payments of $406.69 for 4 years. He is able to pay off his loan at the end of 30 months. Using the actuarial method, find the unearned interest and payoff amount.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

consumer math - Megan bought a car for $12,500. She made a down payment of $3,...
Monthly payment-Math - Okay here is my question two guys buy a new room for $10,...
Math - The price of a new car is 20,000. Assume that an individual makes a down ...
math - Kate bought a new car priced at $21,300 with 15% down and the balance in ...
Finance Help! 3 questions - Hi, i was wondering if someone could please help me ...
math - Jennifer bought a brand new sports car. The price of the car was $14,900 ...
math - jennifer bought a brand new sports car. the price of the car was $14,900 ...
Algebra - I am trying to work through this problem and am having trouble. Can ...
Algebra - I am trying to work through this problem and am having trouble. Can ...
Finance - Dave takes out a 30-year mortgage of 200000 dollars for his new house...

Search
Members