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    "question_id": "2409395",
    "url": "\/study-help\/questions\/the-loan-was-paid-in-full-before-its-due-date-2409395",
    "question_creation_date_js": "2024-06-07T07:13:23-04:00",
    "question_creation_date": "Jun 07, 2024 07:13 AM",
    "meta_title": "[Solved] The loan was paid in full before its due | SolutionInn",
    "meta_description": "Answer of - The loan was paid in full before its due date. Obtain the value of h from the given table. Then use the actuarial meth | SolutionInn",
    "meta_keywords": "loan,paid,full,due,date,obtain,value,h,table,actuarial,method,find",
    "question_title_h1": "The loan was paid in full before its due date. Obtain the value of h from the given table. Then use the actuarial method to",
    "question_title": "The loan was paid in full before its due date. Obtain the",
    "question_title_for_js_snippet": "The loan was paid in full before its due date  Obtain the value of h from the given table  Then use the actuarial method to find the amount of unearned interest and the payoff amount  Regular monthlypayment  $ 497 17 497 17 APR  10 0 10 0   Remaining number of scheduled payments afterpayoff  18 18 Annual Percentage Rate(APR) Num of monthly payments 9 0  9 5  10  10 5  11  Finance charge per$100 of amount financed(h) 6 $2 64 $2 79 $2 94 $3 08 $3 23 12 $4 94 $5 22 $5 50 $5 78 $6 06 18 $7 28 $7 69 $8 10 $8 52 $8 93",
    "question_description": "<p><span>The loan was paid in full before its due date. Obtain the value of h from the given table. Then use the actuarial method to find the amount of unearned interest and the payoff amount.<\/span><\/p> <p><span>Regular monthlypayment: $<\/span><span>497.17<\/span><\/p> <p> <\/p> <p><span>497.17<\/span><\/p> <p><span>APR: <\/span><span>10.0<\/span><\/p> <p> <\/p> <p><span>10.0<\/span><span>%<\/span><\/p> <p><span>Remaining number of scheduled payments afterpayoff: <\/span><span>18<\/span><\/p> <p> <\/p> <p><span>18<\/span><\/p> <p><span>Annual Percentage Rate(APR)<\/span><\/p> <p><span>Num of monthly payments<\/span><\/p> <p><span>9.0%<\/span><\/p> <p><span>9.5%<\/span><\/p> <p><span>10%<\/span><\/p> <p><span>10.5%<\/span><\/p> <p><span>11%<\/span><\/p> <p><span>Finance charge per$100 of amount financed(h)<\/span><\/p> <p><span>6<\/span><\/p> <p><span>$2.64<\/span><\/p> <p><span>$2.79<\/span><\/p> <p><span>$2.94<\/span><\/p> <p><span>$3.08<\/span><\/p> <p><span>$3.23<\/span><\/p> <p><span>12<\/span><\/p> <p><span>$4.94<\/span><\/p> <p><span>$5.22<\/span><\/p> <p><span>$5.50<\/span><\/p> <p><span>$5.78<\/span><\/p> <p><span>$6.06<\/span><\/p> <p><span>18<\/span><\/p> <p><span>$7.28<\/span><\/p> <p><span>$7.69<\/span><\/p> <p><span>$8.10<\/span><\/p> <p><span>$8.52<\/span><\/p> <p><span>$8.93<\/span><\/p>",
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        "title": "Survey of Accounting",
        "isbn": "77862376, 978-0077862374",
        "edition": "4th edition",
        "authors": "Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor",
        "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/305.jpg",
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    "question_posted": "2024-06-07 07:13:23",
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