The Rule of 78s Is Used to Calculate the ____________

question 65

Multiple Choice

The Rule of 78s is used to calculate the ____________ when an installment loan is paid off early. ​

• A)APR
• B)balance due
• C)prepayment penalty
• D)basic cost of money

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Definitions:

Scapula

A large, flat triangular bone on the posterior side of the shoulder, also known as the shoulder blade.

Flexes

Refers to the action of bending a limb or joint.

Rotates

To move or turn around a central point or axis.

Below The Elbow

Referring to the part of the arm or to treatments and prosthetics that are applied to the forearm and hand, distal to the elbow joint.