Make use of the American rule and find the value of the last partial payment and prepare the following debt payment table with current interest of 30% Debt beginning on January 25, 2007: C$15,000.00 First payment on May 27, 2007: C$ 5,000.00 Second payment on September 10, 2007: C$ 6,000.00 Third payment and end of term on January 20, 2008 C$ ? Answer: C$7,262.77 suppose that the first payment is settled 20 days late, if the interest for late payment is 40%, calculate the value of payment 1 and the readjustment of payment 2 on the date it is scheduled. Answers: payment 1 C$5,327.22, payment 2 C$5,807.92