ou are the loan department supervisor for a bank. This installment loan is being paid off early, and it is your task to calculate the rebate fraction, the finance charge rebate (in $), and the payoff for the loan (in $). (Round dollars to the nearest cent.) Amount Financed Number of Payments Monthly Payment Payments Made Rebate Fraction Finance Charge Rebate Loan Payoff $1,900 18 $126.89 13   $   $

Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. (Round your answer to the nearest cent.) $375 balance, 18%, $325 payment; average daily balance method

Find the monthly payment of the loan. Purchase Price      Down Payment      Finance Charge   #of Monthly Payments       $2700                     $500                        $250                        36 What is the monthly payment?

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You are the loan department supervisor for a bank. This installment loan is being paid off early, and it is your task to calculate the rebate fraction, the finance charge rebate (in $), and the payoff for the loan (in $). (Round dollars to the nearest cent.) AmountFinanced Number ofPayments MonthlyPayment PaymentsMade RebateFraction FinanceChargeRebate LoanPayoff $1,700 18 $125.89 14   $  $

You buy items costing 3,000 and finance the cost with a simple interest fixed installment loan at 5% simple interest per year. The finance charge is 600.00. A. How many years will you be paying? B. What is your monthly payment?

Find the future value of this loan. $23,818 at 8.5% for 11 months The future value of the loan is $ (Round to the nearest cent as needed.)