Calculate the table factor, the finance charge, and the monthly payment in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) Amount Financed Number of Payments APR Table Factor Finance Charge Monthly Payment $700 18 16% $ $ $ Calculate the missing information for the installment loan that is being paid off early. Number of Payments Payments Made Payments Remaining Sum-of-the Sum-of-the- Digits Payments Digits Number Remaining of Payments Rebate Fraction 18 2 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.) Amount Financed Number of Monthly Payments Payments Payment Made Rebate Fraction Finance Charge Rebate Loan Payoff $4,700 36 $168.33 32 ANNUAL PERCENTAGE RATE TABLE FOR MONTHLY PAYMENT PLANS SEE INSTRUCTIONS FOR USE OF TABLES faa-no4-A NUMBER OF ANNUAL PERCENTAGE RATE 15 %.1 504.1 %17.23 17.00 %16 : 15 PATREN 1514.00 14 : 259 16.508 14. 15 % 15.004 15.23 % 15.504 15.15 % 16.008 16 , 258 16 .50K (FINANCE CHARGE PER $100 OF AMOUNT FINANCED) 1 1:19 1.11 82. . 8 es. . 88. 33. 00. 9. 1:15 2.04 .I 15. 216 19 2:19 10. 8 1,9 64 . .1 85 238 . 0 16. 6 . 6 . 23 3.04 3:65 263 3.36 251 3:16 3:18 89 . 3.6 3:09 . .3 s 1:20 99 3.25 3.30 3.91 93. 67 . 357 3:51 353 .3 38 3.9 10 . . 6:35 6 . 64. . 81. .5 8 , 5.11 8 . 35 . 9 . . .5 5.24 6.00 9,36 . 4.19 5,49 6 .19 6.88 5. 15 5:99 6.46 5:51 5:32 6 .10 6. 68 558 6.29 5:15 6. & 8 5:66 6:38 5. 83 6:58 .5 5:90 6. 67 .6 5:61 6.25 6. 88 9 10 5,40 6.gq 6 .19 3 .6 54. 6.03 6, 65 6:35 .00 6.53 . 6 26. 96. 00. . . 94 . . 32 . a:8 6.71 60 . 36 . 8 . 8:15 _ 8:31 11 66. 9. 1 . , 8 1:19 8,45 3 :31 8 .05 8.14 89 . . 8 . 8 . 9:09 859 a.la 8 .8 8 .58 8 . 13 10 6.03 8:6 6 9,30 9:94 1:50 8:11 8, 81 9, 46 10. 11 8. 31 8 .91 9:63 .16 .39 8:56 9,13 10.50 8 .36 8.91 9.59 8:51 9:13 9:16 .9 10. 06 9 .13 10 .65 9. 5 10.10 10.5 9 /10.1_6 . 6. 10 8. 10 3.83 9.59 10.15 11:11 11. 28 9,19 78 .1 11.1 11:51 10.66 11.5 12.24 8 .1 16.1 ,10 9 .10 15 . 10 6 .10 15.1 . 00.II 90. 09.1 8.1 10:20 10.58 11.14 28. 10.10 11:02 .10 .II 65 .1 12 : 8 16 11 18 l 20 .11 .10 33. .II 1:82 . . :12 93.1 .1_12.50_12.29 64 .13 11,41 13:19 37. 108 .ll 66 . 12:30 .1 10.1 93 .1 3.1 II.81 12:09 12. 14 13. 1 11:11 12:42 12. 62 13.16_11.35 138 6 16.gq 16.59 13.57 16 .11 15.05 18,41 13. 13. 64 13.88_14.11_14.35 126 13:0 13,43 13:63 1333 11:99 [6.21 16.54 15.;4 15:54 14. 1116. 0116.25 13:03 11:18 16.54 15.30 $$ 1_16 . 16 . ?.15 82 . 21 15 . 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