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Posted on Jul 13, 2024

Suppose you take out a 3 6 - month installment loan to finance a delivery van for $ 2 6 , 1 0 0 .

Suppose you take out a $36 -$ month installment loan to finance a delivery van for $ $26, 100 .$ The payments are $ $989$ per month, and the total finance charge is $ $9, 504 .$

After $25$ months, you decide to pay off the loan. After calculating the finance charge rebate, find your loan payoff $($ in $ $) . ($ Round your answer to the nearest cent. $)$

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