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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

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 Payments Monthly Payment Payments Made Rebate Fraction Finance Charge Rebate Loan Payoff
$1,700 18 $123.89 12 $

$

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