Use the Rule of 78 to Find the Amount of Unearned

question 260

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: $6385 Total number of payments: 50
Remaining number of payments, when paid in full: 11

• A)$286.67
• B)$330.52
• C)$344.01
• D)$275.43

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Definitions:

Visceral Peritoneum

The inner layer of the peritoneum that covers the surface of internal organs within the abdominal cavity.

Serous Membrane

A thin layer of tissue that lines certain internal cavities of the body, secreting a serous fluid to reduce friction from muscle movement.

Abdominopelvic Cavity

The combined cavity within the abdominal and pelvic area that houses the majority of the organs of the digestive, excretory, and reproductive systems.

Directional Terms

Terms used to describe the locations of structures or movements of the body in relation to other structures or locations.