Franki finances a motor home for $44,300 by taking out an installment loan for 36 months. The payments were $1,784.31 per month and the total finance charge was $19,935.16. After 21 months, Franki decided to pay off the loan. After calculating the finance charge rebate, find the loan payoff amount.
A) $22,490.17
B) $23,897.36
C) $22,417.77
D) $23,172.73
Correct Answer:
Verified
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