Question
Max Wholesaler borrowed $6,000 on a 5% 120-day note. After 45 days, Max paid $2,100 on the note. Thirty days later, Max paid an additional
Max Wholesaler borrowed $6,000 on a 5% 120-day note. After 45 days, Max paid $2,100 on the note. Thirty days later, Max paid an additional $1,800. Use ordinary interest.
a. Determine the total interest using the U.S Rule.
Total Interest Amount:
b. Determine the ending balance due using the U.S Rule.
Ending Balance Due:
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The Final Audit In Pursuit Of Nazi War Booty Compulsively Readable And Superbly Narrated Dlied With Love Suspense Insight Wisdom And Dry Humor
Authors: Carnie Matisonn
1st Edition
1452094845, 978-1452094847
