Dallas Wright took out a 48-month fixed installment loan of $6500 to purchase a new all-terrain vehicle (ATV). He began making monthly payments of $227.50. Instead of making his 25th payment, Dallas decides to repay his loan in full. How much interest will Dallas save?
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Home » Mathematics » Dallas Wright took out a 48-month fixed installment loan of $6500 to purchase a new all-terrain vehicle (ATV). He began making monthly payments of $227.50. Instead of making his 25th payment, Dallas decides to repay his loan in full.