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: $23,156 Total number of payments: 281
Amount per payment: $256
Remaining number of payments, when paid in full: 6
A) $1527.23
B) $1523.73
C) $1779.73
D) $1783.23
Correct Answer:

Verified
Correct Answer:
Verified
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