Ray Flagg took out a 60 mnth fixed loan installment of $12000 to open a new pet store. He pd no money down and began making monthly payments of 232. Rays busoness does better than expected and instead...

Ray Flagg took out a 60 mnth fixed loan installment of $12000 to open a new pet store. He pd no money down and began making monthly payments of 232. Rays busoness does better than expected and instead of making 36 payments, ray wishes to repay his loan in full. Complete parts a through c

a) determine apr of installment loan

b) how much interest will Ray save by paying off the loan early  ( use the actuarial method)

c) what is the total amt due to pay off the loan?