Under the “Rule of 78,” the interest earned by the lender is A) dis
Under the “Rule of 78,” the interest earned by the lender is
A)
disproportionately pushed to the front of the loan period.
B)
calculated using the simple interest method.
C)
uniformly spread over the life of the loan.
D)
a miscellaneous deduction on your federal tax form.
ANSWER
A
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