Mathematics, 25.02.2022 16:30 catherineguyen3216

Tony Gambino is buying a $3000 sound system by making a down payment of $500 and 18 monthly payments of $151.39. Instead of making his 12th payment, Tony decides to pay off the loan a) How much interest will Tony save? (use the rule of 78s)

b) What is the total amount due to pay off the loan?

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Tony Gambino is buying a $3000 sound system by making a down payment of $500 and 18 monthly payments of $151.39. Instead of making his 12th payment, Tony decides to pay off the loan a) How much interest will Tony save? (use the rule of 78s)b) What is the total amount due to pay off the loan?

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Another question on Mathematics

Tony Gambino is buying a $3000 sound system by making a down payment of $500 and 18 monthly payments of $151.39. Instead of making his 12th payment, Tony decides to pay off the loan a) How much interest will Tony save? (use the rule of 78s)

b) What is the total amount due to pay off the loan?