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Donald Garcia owes $104,400 on a 7%,160 -day note. On day 45 , he pays $26,100 on the note. On day 90 , he pays

Donald Garcia owes

$104,400

on a

7%,160

-day note. On day 45 , he pays

$26,100

on the note. On day 90 , he pays an additional

$52,200

.\ Based on the U.S. Rule, calculate the following. (Use a 360-day year, and round all answers to the nearest cent.)\ Adjusted balance after the first payment:\ Adjusted balance after the second payment:\ Balance at maturity:

image text in transcribed
Donald Garcia owes $104,400 on a 7%,160-day note. On day 45 , he pays $26,100 on the note. On day 90 , he pays an additional $52,200. Based on the U.S. Rule, calculate the following. (Use a 360-day year, and round all answers to the nearest cent.) 1. Adjusted balance after the first payment: 2. Adjusted balance after the second payment: 3. Balance at maturity: Donald Garcia owes $104,400 on a 7%,160-day note. On day 45 , he pays $26,100 on the note. On day 90 , he pays an additional $52,200. Based on the U.S. Rule, calculate the following. (Use a 360-day year, and round all answers to the nearest cent.) 1. Adjusted balance after the first payment: 2. Adjusted balance after the second payment: 3. Balance at maturity

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