Ray flagg took out a 60-month fixed installment loan of $12,000 to open a new pet store. he paid no money down and began making monthly payments of $232. ray's business does better than expected and instead of making his 30th payment, ray wishes to repay his loan in full.

Ray Flagg will pay $5,272 at the time of his 30th installment.

Step-by-step explanation:

Ray took $12,000 load for 60 months. As he paid no amount as down payment so his monthly payment will be $200:

Instead of $200 per month, he used to pay $232 per month. So, before his 30th installment, he paid 29 installments each of $232 which is $6,728:

As the business does better, he wishes to payback remaining amount at once so he will pay $5,272 as:

step-by-step explanation: where's the phrase?

step-by-step explanation:

this is not possible to solve with the info given.   you need at least an one angle somewhere.