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You are the loan department supervisor for a bank. This installment loan is being paid off...

You are the loan department supervisor for a bank. This installment loan is being paid off early, and it is your task to calculate the rebate fraction, the finance charge rebate (in $), and the payoff for the loan (in $). (Round dollars to the nearest cent.)

Amount
Financed		 Number of
Payments		 Monthly
Payment		 Payments
Made		 Rebate
Fraction		 Finance
Charge
Rebate		 Loan
Payoff
$1,800 18 $129.89 15 $ $

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jeff jeffy answered 5 months ago
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