College math
posted by Meg .
Can someone please assist me
The problem reads "use the rule of 78 to find the payoff amount for the loan paid in full before the date"
Finance charge: $717
Total number of payments 41
Amount per payment $155
Remaining payments when paid in full 10
Please help. Thanks in advance
Respond to this Question
Similar Questions

Algebra
I am trying to work through this problem and am having trouble. Can someone tell me what the "w" stands for in the equation and walk me through the steps? 
Algebra
I am trying to work through this problem and am having trouble. Can someone tell me what the "w" stands for in the equation and walk me through the steps? 
math
Sam received a $290 discount loan to purchase a stereo. The loan was offered at 16% for 90 days. Find the interest in dollars and the proceeds for the following problem. The interest is $12.60, $11.60, or $10.60 ? 
Business math
what the rebate of the finance charge and payoff would be if the pickup truck loan were paid off after 27 months instead of 60. Total of monthly payments 60 x 194.38. I don't know how to get the total finance charge 
math
A $400 loan is to be paid off in 66 monthly payments of $11.62. The borrower decides to pay off the loan after 18 payments. Use the rule of 78s to find the amount of interest saved. (Points : 1) $194.13 
Math
Tim Worker buys a new sofa for $549.95. He pays 20% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $50.00 finance charge. What is the APR on his loan? 
math
Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the APR on his loan to the nearest … 
consumer math
Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the APR on his loan to the nearest … 
Math
Suppose you have student loans totaling $10,500 when you graduate from college. The APR is 9% and the loan term is 10 years. a) What are your monthly payments? 
Math
Suppose you borrowed $25,000 for a car at an APR of 8%, which you are paying off with monthly payments of $510 for 5 years. a) Whatâ€™s the loan principal?