Jennifer Siegel bought a new Ford Focus for $16,900. She made a down payment of $4225 and she financed the balance at $490.10 a month for 3 years.
Jennifer decided to pay off her loan at the end of 2 years. Find the finance charge, the unearned interest using the Rule of 78, and payoff amount.
Part: 0/3
Part 1 of 3
The finance charge on the loan was intended to be $, under the original payment plan.
