Multiple Choice
A $1750 loan is to be paid off in 66 monthly payments of $42.40. The borrower decides to pay off the loan after 30 payments. Use the rule of 78s to find the amount of interest saved.
A) $315.80
B) $320.97
C) $314.77
D) $315.26
Correct Answer:
Verified
Correct Answer:
Verified
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