11.What is the rebate fraction of a 24 month loan paid off after the 15^th payment?

Group of answer choices

45/300

300/45

30/300

50/300

12.Susan financed a $1,500 T.V. with an installment loan for 12 months. The payments were $145 per month, and the total finance charges were $240. After 8 months, she decided to pay off the loan. After calculating the finance charge rebate, find the loan payoff amount. (Hint use sum of the digits and rebate fraction for this problem).

Group of answer choices

$549.23

$500,00

$594.23

$523.94

13.Ann Marie is buying a new car from her local car dealership who offers financing. The purchase price of the car is $24,320 and they require a 20% down payment. They offer a 5% add-on interest loam and she will be required to makes equal monthly payments for 5 years. What are Ann Maries monthly payments?

Group of answer choices

$375.23

$488.19

$405.33

$504.33

14.Tom wants to buy a T.V. He finds one for a total price of $1,000. He qualifies for an installment loan. He pays 20% as a down payment and finance the balance with payments of $45 for 24 months. What is the finance charge on this loan?

Group of answer choices

$800

$280

$1,200

$1,080

15.The local credit union offers a 48-month installment loan with an APR of 15.5% on used cars. Tracy would like to use the loan to finance a used truck costing $15,500. Use the APR tables to calculate her finance charge.

Group of answer choices

$5,935.55

$5,395.55

$8,335.55

$,5536.55