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Max Wholesaler borrowed $4,000 on a 10%, 120-day note. After 45 days, Max paid $1,400 on the note. Thirty days later, Max paid an

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Max Wholesaler borrowed $4,000 on a 10%, 120-day note. After 45 days, Max paid $1,400 on the note. Thirty days later, Max paid an additional $1,200. Use ordinary interest. a. Determine the total interest using the U.S. Rule. Note: Round your intermediate balances and interest amounts to the nearest cent. Round your final answer to the nearest cent. Total interest amount $ 0.00 b. Determine the ending balance due using the U.S. Rule. Note: Round your intermediate balances and interest amounts to the nearest cent. Round your final answer to the nearest cent. Ending balance due $ 0.00

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