Solve the problem. Use an annual percentage rate table if necessary.
-Enrique has a 60-month fixed installment loan, with a monthly payment of $50.69. The amount he Borrowed was $2500. Instead of making his 36th payment, Enrique is paying the remaining Balance on the loan. How much interest will Enrique save (use the actuarial method)?
A) $91.73
B) $95.72
C) $103.90
D) $96.86

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The Answer of Solve the problem. Use an annual percentage rate table if necessary.
-Enrique has a 60-month fixed installment loan, with a monthly payment of $50.69. The amount he Borrowed was $2500. Instead of making his 36th payment, Enrique is paying the remaining Balance on the loan. How much interest will Enrique save (use the actuarial method)?
A) $91.73
B) $95.72
C) $103.90
D) $96.86

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