Solve the problem using the rule of 78s.Veronica used a fixed installment loan from her bank to finance her new car purchase. She borrowed $26,000 and has a 60 monthly payments of $585.00 each. Instead of making her 49th payment, Veronica decides to pay the remaining balance on the loan. What is the total amount due to pay off the balance?

A. $6106.80
B. $6691.80
C. $5801.46
D. $6152.23


Answer: B

Mathematics

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