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Kim Baker owes $25,200 on a 10%, 150-day note. On day 45, she pays $6300 on the note. On day 130, she pays an
Kim Baker owes $25,200 on a 10%, 150-day note. On day 45, she pays $6300 on the note. On day 130, she pays an additional $12,600. Based on the U.S. Rule, calculate the following. (Use a 360-day year, and round all answers to the nearest cent.) 1. Adjusted balance after the first payment: 2. Adjusted balance after the second payment: 3. Balance at maturity: $ 5
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