ou are the loan department supervisor for a bank. This installment loan is being paid off early,
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Question:
ou 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
$ $
$
$
Posted Date: