Solve the problem. Use an annual percentage rate table if necessary.
-Jennifer has a 60-month fixed installment loan, with a monthly payment of $182.49. The amount She borrowed was $9000. Instead of making her 30th payment, Jennifer is paying the remaining Balance on the loan. What is the total amount due to pay off the balance (use the actuarial Method)?
A) $5052.72
B) $4986.89
C) $5110.95
D) $5293.44

Question

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The Answer of Solve the problem. Use an annual percentage rate table if necessary.
-Jennifer has a 60-month fixed installment loan, with a monthly payment of $182.49. The amount She borrowed was $9000. Instead of making her 30th payment, Jennifer is paying the remaining Balance on the loan. What is the total amount due to pay off the balance (use the actuarial Method)?
A) $5052.72
B) $4986.89
C) $5110.95
D) $5293.44

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