Z Zak New member Dec 18, 2010 #1 Use the Rule of 78 to find the unearned intrest for a loan that had 60 monthly payments of 362.75, and APR of 11.0%, and 16 remaining payments after the current one. The finance charge on the original loan was 5105. What is the payoff amount?
Use the Rule of 78 to find the unearned intrest for a loan that had 60 monthly payments of 362.75, and APR of 11.0%, and 16 remaining payments after the current one. The finance charge on the original loan was 5105. What is the payoff amount?
