Mathematics, 14.05.2021 19:50 u8p4

Robert gets approved for an installment loan of $8,500 to renovate his home office. His monthly payment is $270.30. The loan has an APR of 9% and a loan term of 36 months. After the 5th payment his balance is $7,451.65. What is the payment interest if he pays the loan on the 6th payment?

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Robert gets approved for an installment loan of $8,500 to renovate his home office. His monthly paym...