How does the rule of 78 work?
If you have a 24-month loan that is paid in full with 10 months remaining, using the Rule of 78, would you expect a refund? Why or why not? Use a specific example in your explanation.
If you have a 24-month loan that is paid in full with 10 months remaining, using the Rule of 78, would you expect a refund? Why or why not? Use a specific example in your explanation.
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2 answers
2 answers
1 answer