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Given Principal: $12,500, 5%, 240 days Partial payments: On 100th day, $5,000 On 180th day, $3,000 a. Use the U.S. Rule to solve for total

Given Principal: $12,500, 5%, 240 days
Partial payments: On 100th day, $5,000
On 180th day, $3,000

a.

Use the U.S. Rule to solve for total interest cost. (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. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)

On 100th day On 180th day
Balance after the payment $ $

c.

Use the U.S. Rule to solve for final payment. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)

Final payment $

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