Find the interest refund on a 33-month loan with interest of $2,859 if the loan is paid in full with 11 months remaining. $ (Round to the nearest cent as needed.)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Find the interest refund on a 33-month loan with interest of $2,859 if the loan is paid in full with 11 months remaining.
(Round to the nearest cent as needed.)
Transcribed Image Text:Find the interest refund on a 33-month loan with interest of $2,859 if the loan is paid in full with 11 months remaining. (Round to the nearest cent as needed.)
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