Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site qubix.UUCP Path: utzoo!watmath!clyde!floyd!harpo!decvax!decwrl!sun!qubix!jdb From: jdb@qubix.UUCP (Jeff Bulf) Newsgroups: net.consumers,net.misc Subject: Re: What is "rule of 78's"? Message-ID: <948@qubix.UUCP> Date: Tue, 20-Mar-84 16:36:04 EST Article-I.D.: qubix.948 Posted: Tue Mar 20 16:36:04 1984 Date-Received: Thu, 22-Mar-84 01:27:00 EST References: <1070@proper.UUCP> Organization: Qubix Graphic Systems, Saratoga, CA Lines: 15 Keywords: rule of 78's,loans,accounting Im sure others will post technical descriptions. You will be amazed at the brazenness of the scam. It means roughly that no matter how quickly you re-pay the loan, the lender still gets to keep most of the interest that they would have gotten if you had taken the full time to pay. As out-front an example of the Golden Rule as you are likely to find. (that is, "Thems as has the gold makes the rules") best of luck ... -- Dr Memory ...{decvax,ucbvax,ihnp4}!decwrl!qubix!jdb