In your discussion post answer the following questions:

How does the rule of 78 work?
If you have a 24-month loan that is paid in full with 10 months remaining, using the Rule of 78, would you expect a refund? Why or why not? Use a specific example in your explanation.

Question

In your discussion post answer the following questions:

    How does the rule of 78 work?
    If you have a 24-month loan that is paid in full with 10 months remaining, using the Rule of 78, would you expect a refund? Why or why not? Use a specific example in your explanation.

anonymous · Answer

its not homework i'm just trying to get information

mathmate · Answer

Wiki explains it quite well. http://en.wikipedia.org/wiki/Rule_of_78s

anonymous · Answer

it is homework, you don't need to lie. taken straight from Connexus.