Use the Actuarial Method to Find the Amount of Unearned

question 3

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: $236.11 APR: 10%
Remaining Number of Scheduled Payments After Payoff: 6

• A)$128.68
• B)$42.26
• C)$73.67
• D)$40.46

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