Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site proper.UUCP Path: utzoo!watmath!clyde!floyd!harpo!seismo!hao!hplabs!hpda!fortune!amd70!dual!proper!gam 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?