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 $4,600 36 $162.33 29

Advanced Engineering Mathematics
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ISBN:9780470458365
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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
$4,600 36 $162.33 29  
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