Shelly just borrowed 2800 which she will repay in 12


Shelly just borrowed $2,800 which she will repay in 12 monthly payments of $241.50. Under the rule of 78's, what is the amount of interest included in her first payment? $12.48 $13.92 none of the other answers $8.17 $15.08

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Financial Management: Shelly just borrowed 2800 which she will repay in 12
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