The rebate fraction, finance charge rebate and loan payoff if amount financed are $ 1 , 600 , the numbers of payments are 18 , monthly payments are $ 104.88 and payments made are 11 .

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Chapter 13.II, Problem 40RE

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To calculate: The rebate fraction, finance charge rebate and loan payoff if amount financed are $1,600, the numbers of payments are 18, monthly payments are $104.88 and payments made are 11.

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