# math

posted by Thomas22

Liz finances a piano for \$3,080 by taking out an installment loan for 60 months. The payments were \$82.13 per month and the total finance charge was \$1,847.80. After 24 months, Liz decided to pay off the loan. After calculating the finance charge rebate, find her loan payoff.

Finance charge rebate is 672.48, having trouble applying the rest.. thx

## Similar Questions

1. ### Business Math

Terry has an 18-month installment loan for \$1,700 at 12% annual interest. Interest is compunded using the Rule of 78. Terry decides to pay back the loan at the end of the first month. 1. What is the total finance charge on the loan?
2. ### Business math

what the rebate of the finance charge and payoff would be if the pickup truck loan were paid off after 27 months instead of 60. Total of monthly payments 60 x 194.38. I don't know how to get the total finance charge
3. ### math

A person takes out a monthly installment loan of \$2000 with an annual percentage rate of 13.0% if the person can afford no more than \$70 per month, then which of the following terms are feasible?
4. ### math

A flower shop owner wants to pay off the loan on a used delivery van that was purchased 11 months ago. The 2-year installment plan used to purchase the van included a \$280 finance charge and called for payments of \$230 monthly. What …
5. ### Math

Alice Dubois was charged \$455 in finance charges on a loan for 15 months. Find the finance charge refund if she pays off the loan in full after 10 payments.
6. ### Math

1. Rishi ram obtained an installment loan for \$3,000.00. He agreed to repay the loan in 6 monthly payments. His monthly payments is \$516.50. What is the APR?
7. ### math

Alice Dubois was charged \$455 in finance charges on a loan for 15 months. Find the finance charge refund if she pays off the loan in full after 10 payments.
8. ### Math

Mona takes out a \$12,000 student loan to help pay for her first 2 years of college, then 2 years later needs another loan for \$14,000 to get her through to graduation. She graduates 4 years and 9 months after acquiring the first loan, …
9. ### math

Christina finances a piano for \$3,070 by taking out an installment loan for 24 months. The payments were \$153.50 per month and the total finance charge was \$614. After 14 months, Christina decided to pay off the loan. After calculating …
10. ### Finance Math

1. Your average daily balance on your charge card for the month of July is \$855.28. If your card carries an annual interest rate of 15.4%, what will your finance charge be for July?

More Similar Questions