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Find the balance due on the maturity date and then Find the total amount of interest paid on the note. Use United States rule Principle:
Find the balance due on the maturity date and then Find the total amount of interest paid on the note. Use United States rule
Principle: 6000
Interest: 10 1/2 %
Time in days: 130
Partial Payment: $3500 on day 100
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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
