Using the Rule of 78, Find the Amount of Unearned

question 46

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: $747
Total number of payments: 24
Remaining number of payments, when paid in full: 8

• A)$69.72
• B)$97.43
• C)$75.78
• D)$89.64

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