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Question 341 - CTFA discussion

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A method of calculating interest by computing finance charges on the original loan balance and then adding the interest to that balance.

A.
Rule of 78s
Answers
A.
Rule of 78s
B.
Add-on method
Answers
B.
Add-on method
C.
Credit life
Answers
C.
Credit life
D.
Pre-paypment penalties
Answers
D.
Pre-paypment penalties
Suggested answer: B
asked 16/09/2024
Ahmed Alghadeer
31 questions
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