Using the Rule of 78, Find the Amount of Unearned

question 113

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: $80,696
Total number of payments: 354
Remaining number of payments, when paid in full: 22

• A)$324.92
• B)$298.34
• C)$326.76
• D)$296.66

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