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8 Gavin has purchased a car He financed a loan of 25 697 at 8...

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Calculus

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8 Gavin has purchased a car He financed a loan of 25 697 at 8 9 compounded monthly He considers repaying the loan in 36 or 48 monthly payments His first payment is 1 month from his date of purchase 6 marks a Determine the monthly payment for a 36 month loan b C Determine the monthly payment for a 48 month loan Determine the interest Gavin saves if he pays off the loan in 36 months

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