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What is the finance charge refund after making eight payment

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Reference no: EM131623240

Question: 1. Lanny Jacobs made a loan to purchase a computer. Find the refund due on this loan with interest charges of $657 if it is paid off after paying 7 of the 12 monthly payments.

2. Suppose you have borrowed money that is being repaid at $45 a month for 12 months. What is the finance charge refund after making eight payments if the finance charge is $105?

Reference no: EM131623240

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