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: $316.37 APR: 10.2%
Remaining Number of Scheduled Payments After Payoff: 20
A) $585.60
B) $503.03
C) $531.17
D) $614.07
Correct Answer:
Verified
Correct Answer:
Verified
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