The following installment loan is being paid off early. Calculate the rebate fraction, the finance charge rebate, and the loan payoff for the loan, rounding dollars to the nearest cent:
Total
Number of
Finance
Amount
Number of
Monthly
Payments
Rebate
Charge
Loan
Financed
Payments
Payment
Remaining
Fraction
Rebate
Payoff
$15,000
24
$812.50
6
What will be an ideal response?
; $315.00; $4,560.00
Business
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