Find the refund fraction on a 48​-month loan with interest of ​$2,803 if the loan is paid in full with 13 months remaining

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 18E
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Find the refund fraction on a

48​-month

loan with interest of

​$2,803

if the loan is paid in full with

13

months remaining.

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