Problem

Use the U.S. Rule to solve for total interest costs, balances, and final payments (use ord...

Use the U.S. Rule to solve for total interest costs, balances, and final payments (use ordinary interest).

Given

Principal: $10,000, 8%, 240 days

 

Partial payments:

On 100th day, $4,000

 

 

On 180th day, $2,000

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Solutions For Problems in Chapter 10