A $1400 loan is to be paid off in 24 monthly payments of $63.34. The borrower decides to pay off the loan after 3 payments. Find the amount of interest saved using the rule of 78s.

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The Answer of A $1400 loan is to be paid off in 24 monthly payments of $63.34. The borrower decides to pay off the loan after 3 payments. Find the amount of interest saved using the rule of 78s.

A $1400 Loan Is to Be Paid Off in 24