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Posted on Jul 11, 2024

Janet baker owes $ 1 0 8 0 0 0 on a 1 0 % , 1 3 0 - day note. On fay 7

Janet baker owes $

108000

on a

10 %, 130 -

day note. On fay

75

she pays $

32, 400

on the note. On day

120,

she pays an additional $

37, 800 .

Based on the U

.

S rule calculate the following. Adjusted balance after the first payment. Adjusted balance after the second payment. Balance at maturity.

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