ERIC Number: EJ376842
Record Type: CIJE
Publication Date: 1988
Reference Count: 0
The Rule of 78: A Rule that Outlived Its Useful Life.
Johnson, Alonzo F.
Mathematics Teacher, v81 n6 p450-53,480 Sep 1988
Considered is the following question: If a consumer loan is prepaid before the contract time, how much of the total interest should be paid to the lending institution? Discusses the validity of the rule and demonstrates strategies for answering interest questions. (PK)
Publication Type: Journal Articles; Guides - Classroom - Teacher; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A