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How much interest should she get back

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Reference no: EM131623270

Question: Explain the mistake in the solution and correct the solution. Ava Landry agreed to pay $2,847 interest for a 36-month loan to redecorate her greeting card shop. However, business was better than expected and she repaid the loan with 16 months remaining. If the rule of 78 was used, how much interest should she get back?

Reference no: EM131623270

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