Financial Math: Use the Rule of 78 for Unearned Interest and Payoff Amount
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YouTubeMs. Hearn
Financial Math: Use the Rule of 78 for Unearned Interest and Payoff Amount
In the context of the Consumer Protection Act, this video demonstrates how to use the Rule of 78 formula for unearned interest, as well as how to calculate the Payoff Amount. The use of the APR table is explained but not demonstrated.
12K viewsMar 10, 2016
Rule of 78s Explained
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