Question: Explain the mistake in the solution of the problem and correct the solution. Dawn Mayhall financed a car and the loan of 42 months required
Dawn Mayhall financed a car and the loan of 42 months required $3,827 interest. She paid the loan off after making 20 payments. How much interest should be refunded if the rule of 78 is used?
Step by Step Solution
3.40 Rating (162 Votes )
There are 3 Steps involved in it
The numerator of the refund fraction should ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
724-B-F-F-M (2831).docx
120 KBs Word File
