Calculate the missing information for the installment loan that is being paid off early.   Number of payments = 36 Payments made = 24 Payments remaining = 12 Solve for the Sum-of-the-Digits Payments Remaining =  Sum-of-the-Digits Number of Payments =  and the Rebate Fraction

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 1E: An annuity is a sum of money that is paid in regular equal payments. The __________ of an annuity is...
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Calculate the missing information for the installment loan that is being paid off early.

 

Number of payments = 36

Payments made = 24

Payments remaining = 12

Solve for the

Sum-of-the-Digits Payments Remaining = 

Sum-of-the-Digits Number of Payments = 

and the

Rebate Fraction

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