Use the Rule of 78 to find the payoff amount for the loan paid in full before the date of maturity.
-Finance charge: $9283 Total number of payments: 59
Amount per payment: $476
Remaining number of payments, when paid in full: 41
A) $15,691.40
B) $15,215.40
C) $15,476.37
D) $15,000.37
Correct Answer:
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