Question

Please help. Please provide answer and formula.

LU 10-3 Polly Flin bonowel S5000 for 60 days mees. On day 40, Polly made $1.900 partial payment. Whas is Polly's ending balance due under the US. Rale (assume a 360-day year)? 8%. Onday 10, Polly mde a S600 partial pay. hartie-Onlı Complete this to see how you are deing Solutions $1,900.00 -29A1 4,411.11 1.87059 600.00$5,000.00 52.540.52 x 08x0- S 11.29 + 2.540.52 30 sull." ×,08 × -S2941 Both questions LU 10-3a EXTRA PRACTICE QUIZ Need more pactar, try this Pony F n bon ved S4,000 for 60 days at 4%. Onday 15, Polly made a$700 prial pay. Extre Practson Qule tcheckment. On day 40, Polly made a $2.000 partial payment. What is Polly's ending balance due euis in chap Ou the U.S. Rule (assame a MO-day year? CHAPTER ORGANIZER AND STUDY GUIDE WITH CHECK FIGURES FOR EXTRA PRACTICE QUIZZES a Topic Key point, procedure, formula Example(s) to illustrate situation Smple interest for ons $2000 at 9% 17 sonths 20009 $255 Exact iere p 260 time at 10% som lanuary 5 to ebuay 20 $12.60 1 000 $12.78 360 030

Answer 1

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Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E " ゴWrap Text ta copy." в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 C Paste Conditional Format CeInsert Delete Format Formatting, as Table w styles. ▼ ㆆ ▼ Sort &Find & 2 ClearFe Select Edting Format Painter Clipboard AM93 AE Font Alignment Number Cells AF AG AH Al Al AK AL AM AN AO Ap AQ AR 78 79 80 81 82 83 84 85 86 87 STEP 1 PRINCIPAL 4000 RATE 4% 4000 X 496 X 15/360- 6.67 4006.67 700 3306.67 9.19 3315.85 2000 1315.85 2.92 1318.78 ADD INTEREST FOR 15 DAYS SO TOTAL AMOUNT OUTSTANDING 5000+11.11 PAYMENT MADE ON 15TH DAY BALANCE OUTSTANDING INTEREST FOR 25 DAYS SO TOTAL AMOUNT OUTSTANDING PAYMENT MADE ON 40TH DAY SO TOTAL AMOUNT OUTSTANDING INTEREST FOR 20 DAYS FINAL BALANCE OUTSTANDING STEP 2 STEP 3 3306.67 X 426 X 25/360- STEP 4 1315.85 X 426 X 20/360- 89 90 91 92 93 94 95 96 커 , Sheet2 . AFN BANKING NOTE BIDDING, UNDERWRITING / EUAC AW PM LIFE LP, lP, MRP, INFLATION YIELD WARRANTrefund bond CLEAN INVOICE PRICE , Sheet1 05:55 06-01-2019