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Rule of 78 Miguel Perez of Pamona California obtained a two yearinstallment loan for $1,500 to buy a television set eight monthsado. The loan had

Rule of 78 Miguel Perez of Pamona California obtained a two yearinstallment loan for $1,500 to buy a television set eight monthsado. The loan had a 12.6 percent APR and a finance charge of$204.73. 2 answers

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