A few years down the road you have moved out, buying your own home. You decide to take another look at your finances. Your outstanding loan of $275 per month only has 8 payments left on it (out of the original 60) with an interest rate of 11.75%.   a. What is the finance charge “f”?   b. What is the unearned interest “u”?   c. How much would it cost to pay it off on payment #53?

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