Use the Rule of 78 to Find the Amount of Unearned

question 194

Multiple Choice

Use the Rule of 78 to find the amount of unearned interest for the loan paid in full before the date of maturity.
-Finance charge: $788 Total number of payments: 22
Remaining number of payments, when paid in full: 7

• A)$65.41
• B)$71.64
• C)$95.52
• D)$87.21

---

Definitions:

Nativism

The psychological theory that certain abilities or knowledge are innate and not acquired through learning or experience.

Learning Theory

A framework that describes how individuals absorb, process, and retain knowledge or skills through experience, study, or teaching.

Articles and Prepositions

Words used in language to specify grammatical relationships, with articles defining specificity (a, an, the) and prepositions indicating relationships in space and time (in, on, at).

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, especially in terms of word order and punctuation.