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max wholesaler borrowed $1000 on a 5%, 120-day note. after 45 days, max paid $350 on the note. thirty days later, max paid an additional
max wholesaler borrowed $1000 on a 5%, 120-day note. after 45 days, max paid $350 on the note. thirty days later, max paid an additional $300. use ordinary interest. determine the total interest using the u.s rule. determine the ending balance using the u.s. rule.
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