1. Frank finances a motor home for $44,300 by taking out an installment loan for 36 months with the monthly payment of $1,784.31. After 21 months, Francis decided to pay off the loan. After calculating the finance charge rebate, find the loan payoff amount.
2. The first step involved in predicting financing needs is forecasting the firm's sales revenues and expenses over the planning period. estimating the levels of investment in current and fixed assets that are necessary to support the projected sales. determining the firm's financing needs throughout the planning period. estimating the cost of debt.