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From: gam@proper.UUCP (Gordon Moffett)
Newsgroups: net.consumers,net.misc
Subject: What is "rule of 78's"?
Message-ID: <1070@proper.UUCP>
Date: Sat, 24-Mar-84 01:37:39 EST
Article-I.D.: proper.1070
Posted: Sat Mar 24 01:37:39 1984
Date-Received: Tue, 20-Mar-84 00:44:37 EST
Organization: Proper UNIX, San Leandro, CA
Lines: 8
Keywords: rule of 78's,loans,accounting

I have recently entered into a loan agreement which includes the
following:

	"In the event of prepayment in full, you are entitled to
	a partial refund of the unearned FINANCE CHARGE computed
	on the rule of 78's."

What does this mean to me, Al Franken?