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urm Propiem 14-146 Paula Westing borrowed $6,200 to travel to Sweden to see her son...

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urm Propiem 14-146 Paula Westing borrowed $6,200 to travel to Sweden to see her son Arthur. Her loan was to be paid in 48 monthly installments of $170. At the end of nine months Paula's daughter Irene convinced her that she should pay off the loan early. Using the six-step method illustrated in the text, what is the rebate fraction (step 4)? stions estions 1 780/1,176 2) 45/1,176 O3) 45/780 4) some other amount 6 Save 11 12 Question 132 points) m Drill Problem 14-16 Joanne Flynn bought a new boat for $14,500 She put a $2,500 down payment on it. The bank's loan was for 48 months. Finance charges totaled $4,400.16. Assume Joanne decided to pay off the loan at the end of the 28th month. What rebate would she be entitled to? 14 15 nd ed Response saved Responsc o Item 1) $758.47 2) $774.85 3 $785.74 4) some other amount Save

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