# You are the loan department supervisor for the Pacific National Bank. The following installment loans are being paid off early, and it is your task to calculate the rebate fraction, the finance charge rebate, and the payoff for each loan. Amount Number of Monthly Payments Rebate Finance Charge Loan Financed Payments Payment Made Fraction Rebate Payoff $4,800 36$169.33 27 ____ ____ ____

### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
Publisher: Cengage Learning
ISBN: 9781305585447

### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
Publisher: Cengage Learning
ISBN: 9781305585447

#### Solutions

Chapter
Section
Chapter 13.II, Problem 42RE
Textbook Problem

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