Using the Rule of 78, find the amount of unearned interest for the loan paid in full before the date of maturity. Round to the nearest cent.Finance charge: $6668Total number of payments: 48Remaining number of payments, when paid in full: 12
A. $390.15
B. $461.09
C. $374.22
D. $442.27
Answer: D
You might also like to view...
Solve the problem.A town has a population of 3000 people and is increasing by 9% every year. What will the population be at the end of 11 years? Round to the nearest unit.
A. 7102 people B. 7741 people C. 5970 people D. 8438 people
Solve the problem.Nikki is fishing from a bank 14 feet above water level. In this location, the fish tend to feed at 20 feet below the surface. How long must Nikki's fish line be to reach the fish?
A. -6 feet B. -14 feet C. 34 feet D. 6 feet
Write the expression using base e rather than base 10.10x + 8
A. e(ln 10)(x + 8) B. 10ex + 8 C. (x + 8)e10 D. e10(x + 8)
A spring with a mass of 2 kg has damping constant 8 and spring constant 80. Graph the position function of the mass at time t if it starts at the equilibrium position with a velocity of 2 m/s.
What will be an ideal response?