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: $608.55 APR: 14.5%
Remaining Payments After Payoff: 18
A) $1387.19
B) $1162.27
C) $1198.84
D) $1125.21
Correct Answer:
Verified
Correct Answer:
Verified
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