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Using the rule of 78 Jon borrowed $1,800.00 The loan required 18 monthly payments of $155.00. After 17 payments were made, Jon paid off the

Using the rule of 78

Jon borrowed $1,800.00

The loan required 18 monthly payments of $155.00.

After 17 payments were made, Jon paid off the loan ahead of time.

How much interest was saved?

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