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| rev | Admin | (Created page with "'''Solution: E''' The monthly payment on the original loan is <math display = "block">\frac{65000}{a_{\overline{180}|8/12 \%}}=621.17.</math> After 12 payments the outstanding balance is <math display = "block">621.17a_{\overline{168}|8/12 \%}=62,661.40</math>. The revised payment is <math display = "block">\frac{62,661.40}{a_{\overline{168}|6/12\%}}=552.19. </math> {{soacopyright | 2023 }}") | Nov 18'23 at 23:12 | +395 |