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Business, 18.03.2020 22:33 colbygreen6189

Given that:

Principal $13,500, Interest Rate 9%, Time 240 days (use ordinary interest)

Partial payments:

On 100th day, $3,800

On 180th day, $2,500

a. Use the U. S. Rule to solve for total interest cost.(Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)b. Use the U. S. Rule to solve for balances. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)

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Answers: 3

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Given that:

Principal $13,500, Interest Rate 9%, Time 240 days (use ordinary interest) <...
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