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Suppose you take out a 36-month installment loan to finance a delivery van for $26,100. The payments are $981 per month, and the total finance
Suppose you take out a 36-month installment loan to finance a delivery van for $26,100. The payments are $981 per month, and the total finance charge is $9,216.
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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