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An electrician buys a Ford Transit Cargo van for $45,000. After making a $10,000 down payment, she finances the balance at an APR of 5%

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An electrician buys a Ford Transit Cargo van for $45,000. After making a $10,000 down payment, she finances the balance at an APR of 5% for 36 months (3 years). (a) Determine the monthly loan payment. Monthly loan payment: $ (b) After 27 payments, the electrician decides to pay off the loan early. Use the Rule of 78 to determine the finance charge rebate. Finance charge rebate: $ (c) Use the answer to part (b) to calculate the loan payoff amount. Loan payoff amount: $ Question Help: Message instructor Submit

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