A 30-month loan that has interest of $3,987 is paid in full with 7 months remaining. Find

Question:

A 30-month loan that has interest of $3,987 is paid in full with 7 months remaining. Find the amount of interest to be refunded using the rule of 78.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

Question Posted: