Question

Business math question(can't figure out how to solve this one):

An 18-month loan with an interest charge of $782.00 is paid off with 5 months remaining. The finance charge refund is?

Answer 1

85i think the answer would be

Answer 2

The refunded financial charges are $782.00.

Explanation:

The financial charges are stated before the loan is stablished, and thus, whether the payment are finished before or at the according amount of months, the financial charges will still being the same.