The following loan was paid in full before its due date. a) Find the value...
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Accounting
The following loan was paid in full before its due date. a) Find the value of h using an appropriate formula. b) Use the actuarial method to find the amount of unearned interest. c) Find the payoff amount.
Regular Monthly Payment $221
APR 8.5%
# of Payments Remaining after Payoff 4
What is the finance charge per $100 financed?
h=
The unearned interest is about
The payoff amount is
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