Given Principal: $10,000, 8%, 240 days
Partial payments: On 100th day, $4,000
On 180th day,...
Business, 26.10.2021 22:00 xioher2272
Given Principal: $10,000, 8%, 240 days
Partial payments: On 100th day, $4,000
On 180th day, $2,000
Required:
a. Use the U. S. Rule to solve for total interest cost. (Use 360 days a year.
b. Use the U. S. Rule to solve for principal balances.
c. Use the U. S. Rule to solve for final payment.
Answers: 2
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