Solve the Problem Using the Rule of 78s

question 36

Multiple Choice

Solve the problem using the rule of 78s.
-A fisherman buys a new boat for $45,000. He makes a down payment of $17,000 and finances the Balance at 8% APR over 60 months. Before making the 45th payment, the fisherman decides to pay The remaining balance on the loan. How much interest will the fisherman save?

• A) $359.78
• B) $639.15
• C) $397.69
• D) $369.85

Learn about the focus and methods of cognitive therapy in addressing problem behaviors.

Grasp the concept of unconditional positive regard in therapeutic settings.

Understand the brief forms of psychodynamically based therapies.

Recognize maladaptive thought patterns and their impact on mental health according to Beck.

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Definitions:

Delivery

The method or process by which educational content is given to learners, encompassing a range of modalities such as in-person, online, or hybrid formats.

Learning Strategy

A plan or method adopted to facilitate effective learning, which can include various techniques, practices, and resources tailored to meet specific educational goals.

Training Strategy

A planned approach to developing skills and knowledge, aimed at achieving specific learning outcomes or organizational goals.

Development

The process of growth, progress, or improvement in skills, knowledge, or organizational efficiency over time.