Multiple Choice
Use the Rule of 78 to find the amount of unearned interest for the loan paid in full before the date of maturity.
-Finance charge: $315 Total number of payments: 23
Remaining number of payments, when paid in full: 4
A) $7.47
B) $11.41
C) $6.85
D) $12.45
Correct Answer:
Verified
Correct Answer:
Verified
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