Question: Please explain step by step how to solve You are the loan department supervisor for a bank. This installment loan is being paid off early,

Please explain step by step how to solve

Please explain step by step how to solve You are the loan

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 $127.89 14 $ $

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