The is the sum of the number of months remaining on a loan divided by the sum of

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zrarsrr2x12

Business Finance

Description

The is the sum of the number of months remaining on a loan divided by the sum of the total number of months of the loan. 

A) constant ratio 

B) finance charge 

C) Rule of 78 

D) refund fraction

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Explanation & Answer

Rule of 78


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