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May finances a refrigerator for $1,250 by taking out an installment loan for 48 months. The payments are $37.54 per month and the total finance
May finances a refrigerator for $1,250 by taking out an installment loan for 48 months. The payments are $37.54 per month and the total finance charge is $551.92. After 34 months, May decided to pay off the loan. After calculating the finance charge rebate (using the "Rule-of-78"), find her loan payoff. $476.28 $525.56 $698.08 $724.44
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