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Calculate the refund fraction loan

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Reference no: EM131623129

Question: 1. Calculate the refund fraction for a 60-month loan that is paid off with 18 months remaining.

2. Find the refund fraction on an 18-month loan if it is paid off with 8 months remaining.

3. Find the interest refund on a 36-month loan with interest of $2,817 if the loan is paid in full with 9 months remaining

Reference no: EM131623129

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