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Peer reviewedWaits, Bert K.; Demana, Franklin – College Mathematics Journal, 1990
The rule of 78 is used by banks and loan companies to compute the amounts due when installment loans are paid early. Describes an unexpected case of negative amortization when the rule is applied. Presents an actual problem and discusses the case. (YP)
Descriptors: Algorithms, College Mathematics, Computation, Computer Oriented Programs
Download full textGuthrie, Marty; Rappaport, Renee – 1984
Guidelines are provided to assist in the interpretation of the regulatory requirements regarding disbursement of funds to students under Title IV student aid programs. Attention is also directed to the higher education community's self-regulation initiatives regarding refund and repayment, as well as the Department of Education's regulations in…
Descriptors: Administrative Policy, Administrator Guides, College Students, Compliance (Legal)
