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Shawn Bixby borrowed $26,000 on a 150-day, 9% note. After 70 days, Shawn paid $2,900 on the note. On day 107, Shawn paid an additional $4,900. Use ordinary interest.

Shawn Bixby borrowed $26,000 on a 150-day, 9% note. After 70 days, Shawn paid $2,900 on the note. On day 107, Shawn paid an additional $4,900. Use ordinary interest.

a. Determine the total interest use the U.S. Rule. (Do not round intermediate calculations. Round your answer to the nearest cent.)

 

 

 

Total interest             $ 

 

 

 

b. Determine the ending balance due use the U.S. Rule. (Do not round intermediate calculations. Round your answer to the nearest cent.)

 

 

 

Ending balance due            $


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