Nancy finances a hot tub for $5,700 by taking out an installment loan for 60 months. The payments were $161.50 per month and the total finance charge was $3,990. After 24 months, Nancy decided to pay off the loan. After calculating the finance charge rebate, find her loan payoff amount.

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The Answer of Nancy finances a hot tub for $5,700 by taking out an installment loan for 60 months. The payments were $161.50 per month and the total finance charge was $3,990. After 24 months, Nancy decided to pay off the loan. After calculating the finance charge rebate, find her loan payoff amount.

Nancy Finances a Hot Tub for $5,700 by Taking Out