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DrIII Problem 1 0 - 1 3 ( Algo ) [ LU 1 0 - 3 ( 1 ) ] Given Principal $ 1 4
DrIII Problem AlgoLU
Given
Principal $ Interest Rate Time days use ordinary interest
Partial payments: On th day, $; On th day, $
a Use the US Rule to solve for total interest cost.
Note: Use days a year. Do not round intermediate calculations. Round your answer to the nearest cent.
Total interest cost
b Use the US Rule to solve for balances.
Note: Use days a year. Do not round intermediate calculations. Round your answers to the nearest cent.
tableOn th day,On th dayBalance after the payment,,
c Use the US Rule to solve for final payment.
Note: Use days a year. Do not round intermediate calculations. Round your answer to the nearest cent.
Final payment
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