Suppose you take out a 3 6 - month installment loan to finance a delivery van for

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Question:

Suppose you take out a

36 -

month installment loan to finance a delivery van for $

26, 100 .

The payments are $

987

per month, and the total finance charge is $

9, 432 .

After

25

months, you decide to pay off the loan. After calculating the finance charge rebate, find your loan payoff

(

in $

) . (

Round your answer to the nearest cent.

)

Posted Date: May 18, 2024 06:15 PM

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Suppose you take out a 3 6 - month installment loan to finance a delivery van for

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