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[6 pts) 19. Max Wholesaler borrowed $7,000 at 6.5% in a 120-day note. After 45 days, Max paid $2,150 on the note. Thirty days later,

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[6 pts) 19. Max Wholesaler borrowed $7,000 at 6.5% in a 120-day note. After 45 days, Max paid $2,150 on the note. Thirty days later, Max paid an additional $2,400. Use ordinary interest. (Do not round intermediate calculations. Round the final answer to the nearest cent.) a. Determine the total interest. Use the U.S. Rule. Total Interest $ I b. Determine the ending balance due. Use the U.S. Rule. Ending balance due S Payment to Interest to Principal Day 0 45 Balance $7,000.00 $ 2,150 $2,400 $0.00

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