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DrIII Problem 1 0 - 1 3 ( Algo ) [ LU 1 0 - 3 ( 1 ) ] Given Principal $ 1 4

DrIII Problem 10-13(Algo)[LU 10-3(1)]
Given
Principal $14,000, Interest Rate 7%, Time 240 days (use ordinary interest)
Partial payments: On 100th day, $5,400; On 180 th day, $3,200
a. Use the U.S. Rule to solve for total interest cost.
Note: Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.
Total interest cost
b. Use the U.S. Rule to solve for balances.
Note: Use 360 days a year. Do not round intermediate calculations. Round your answers to the nearest cent.
\table[[,On 100th day,On 180th day],[Balance after the payment,,]]
c. Use the U.S. Rule to solve for final payment.
Note: Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.
Final payment
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