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Part 1 of 3 What is the finance charge per $100 financed? h = $...

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Accounting

Part 1 of 3 What is the finance charge per $100 financed? h = $ (Round to the nearest cent.) Points: 0 of 1 < The following loan was paid in full before its due date. a) Find the value of h using an appropriate formula. b) Use the actuarial method to find the amount of unearned interest. c) Find the payoff amount Regular Monthly Payment # of Payments Remaining after Payoff APR 7.2% $247 8

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