Max Wholesaler borrowed $6,500 on a 6%, 120-day note. After 45 days, Max paid $2,275 on the note. Thirty days later, Max paid an additional $1,950. Use ordinary interest. Determine the ending balance and total interest due use the U.S. Rule. (Do not round intermediate calculations. Round your answers to the nearest cent.)

On 45th Day: Principal x Rate x Time = Interest Payment Amount Reduction in Principal

On 75th Day: Principal x Rate x Time = Interest Payment Amount Reduction in Principal

On 120th Day: Principal x Rate x Time = Interest

Balance due on Maturity Date