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I need help with this question. Shawn Bixby borrowed $22,000 on a 150-day, 13% note. After 75 days, Shawn paid $2, 500 on the note.
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Shawn Bixby borrowed $22,000 on a 150-day, 13% note. After 75 days, Shawn paid $2, 500 on the note. On day 106, Shawn paid an additional $4, 500. Use ordinary interest. Determine the total interest use the U.S. Rule. (Do not round intermediate calculations. Round your answer to the nearest cent.) Total interest $ _________ Determine the ending balance due use the U.S. Rule. (Do not round intermediate calculations. Round your answer to the nearest cent.) Ending balance due $ __________Step by Step Solution
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