If the finance charge on a loan made by Marjorie Young is $1,525 and the loan is to be paid in 36 monthly payments, find the finance charge refund if the loan is paid in full with 18 months remaining. The finance charge refund is S (Type an integer or decimal rounded to the nearest hundredth as needed.)

If the finance charge on a loan made by Marjorie Young is $1,525 and the loan is to be paid in 36 monthly payments, find the finance charge refund if the loan is paid in full with 18 months remaining. The finance charge refund is S (Type an integer or decimal rounded to the nearest hundredth as needed.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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