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.
-Amount Financed: $4500 Regular Monthly Payment: $184.50
Total Number of Payments scheduled: 36
Loan repaid in full instead of making: 18th payment
A) $632.47
B) $549.97
C) $593.97
D) $520.20
Correct Answer:

Verified
Correct Answer:
Verified
Q121: Use the compound interest formula to compute
Q122: Solve the problem. Use an annual percentage
Q123: Use the actuarial method to find the
Q124: Solve the problem.<br>-Miguel invests his money in
Q125: Find the finance charge on the
Q127: Use the Rule of 78 to find
Q128: Find the total return earned by
Q129: Solve the problem.<br>-For the given stock
Q130: The given information applies to the
Q131: For the given investment, assume that