Multiple Choice
Use the actuarial method to find the amount of unearned interest for the loan paid in full before the due date.
-Regular Monthly Payment: $455.78 APR: 12%
Remaining Number of Scheduled Payments After Payoff: 36
A) $2783.45
B) $2685.51
C) $3427.01
D) $1757.94
Correct Answer:
Verified
Correct Answer:
Verified
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