The Rule of 78s Is a Commonly Used Method of Calculating

question 34

Multiple Choice

The rule of 78s is a commonly used method of calculating the

• A)interest rate.
• B)finance charges.
• C)prepayment penalty.
• D)balloon payment.

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Definitions:

Anatomically

Pertaining to the structure of the body or the organization of its parts.

Thigh

The part of the leg located between the hip and the knee.

Lower Limb

The lower limb refers to the part of the body from the hip to the toes, including structures such as the thigh, knee, leg, ankle, and foot.

Tarsals

A group of seven bones in the foot that form the ankle and the back part of the foot’s arch.