Multiple Choice
A $1,900 loan is to be paid off in 12 monthly payments of $182.51. The borrower decides to pay
Off the loan after 9 payments. Use the rule of 78s to find the amount of interest saved.
A) $27.49
B) $22.32
C) $21.29
D) $21.78
Correct Answer:
Verified
Correct Answer:
Verified
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