Solve the problem.
-The James family wants to save some money in interest by paying off their auto loan 12 months early. The 36-month loan required payments of $455 per month. The car cost $18,600 with a down payment of $6000. How much unearned interest did they save?
A) $468.00
B) $1,702.70
C) $1,486.84
D) $442.70
Correct Answer:
Verified
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