Question: kRh U= 100 + h u = unearned interest k = number of payments remaining, excluding the current one R monthly payment h = finance

 kRh U= 100 + h u = unearned interest k =
number of payments remaining, excluding the current one R monthly payment h

kRh U= 100 + h u = unearned interest k = number of payments remaining, excluding the current one R monthly payment h = finance charge per $100 for a loan with the same APR and k monthly payments

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