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How much interest should be refunded

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Reference no: EM131623312

Question: Explain the mistake in the solution of the problem and correct the solution. Dawn Mayhall financed a car and the loan of 42 months required $3,827 interest. She paid the loan off after making 20 payments. How much interest should be refunded if the rule of 78 is used?

Reference no: EM131623312

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