Great idea to point this out, but it is actually the
rule of 78.
Calypso
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Butch is right:
He is talking about the rule of 72 which is entirely different from the rule of 78.
Quote:
Originally posted by Calypso
Hey Butch--
Great idea to point this out, but it is actually the
rule of 78.
Also known as the sum-of-the-digits method, the Rule of 78s gets its name from the sum of the digits one through 12 -- the number of months in a year.
http://www.bankrate.com/brm/news/auto/20010827a.asp
cheers--
C
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