Suppose you take out a 36-month installment loan to finance a delivery van for $26,100. The...

Transcribed Image Text:

Suppose you take out a 36-month installment loan to finance a delivery van for $26,100. The payments are $983 per month, and the total finance charge is $9,288. 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.) $920.43 X Calculate the missing information for the installment loan that is being paid off early. Sum-of-the- Digits Payments Remaining Sum-of-the- Digits Number of Payments Number of Payments Payments Made 60 45 15 Payments Remaining 120 1891 X Rebate Fraction 120/1891 X Suppose you take out a 36-month installment loan to finance a delivery van for $26,100. The payments are $983 per month, and the total finance charge is $9,288. 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.) $920.43 X Calculate the missing information for the installment loan that is being paid off early. Sum-of-the- Digits Payments Remaining Sum-of-the- Digits Number of Payments Number of Payments Payments Made 60 45 15 Payments Remaining 120 1891 X Rebate Fraction 120/1891 X