Using the Rule of 78, Find the Amount of Unearned

question 6

Multiple Choice

Using the Rule of 78, find the amount of unearned interest for the loan paid in full before the date of maturity. Round to the nearest cent.
-Finance charge: $9,325
Total number of payments: 61
Remaining number of payments, when paid in full: 35

• A)$3,210.25
• B)$2,934.10
• C)$3,106.69
• D)$3,031.90

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