Please answer fast without plagiarism i give up vote Claire needs to borrow $6000 to pay for NHL season tickets for her family. She borrows from the credit unionwith 36 monthly payments of $196.26 each with an APR of 8.5%. What would Claire save in interest if she paidin full at the time of the twenty-fourth payment and the credit union used the actuarial method for computingunearned interest?Claire would save Sin interest(Round to the nearest cent as needed.)

Loans are paid by the monthly payments and these carry the payment for interest and payment for loan…

Answered: Claire needs to borrow $6000 to pay for…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Elisa needs money to repair her home air conditioner, so she pawns her bicycle. The pawnbroker loans Elisa $270. Seventeen days later, Elisa gets her bicycle back by paying the pawnbroker $303.15. What annual simple interest rate did the pawnbroker charge Elisa? Assume 360 days in a year The pawnbroker charged Elisa a simple interest rate of enter your response here
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