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 $4,700 36 $168.33 30   $  $

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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
$4,700 36 $168.33 30  
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