Multiple Choice
Use the Rule of 78 to find the payoff amount for the loan paid in full before the date of maturity.
-Finance charge: $340 Total number of payments: 26
Amount per payment: $186
Remaining number of payments, when paid in full: 3
A) $555.09
B) $741.09
C) $552.19
D) $738.19
Correct Answer:
Verified
Correct Answer:
Verified
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