Q8: Bruce Wayne borrowed $14 300.00 for investment purposes on May 19, on a demand note providing for a variable rate of interest and payment of any accrued interest on December 31. He paid $1,300.00 on June 28, $1,450 on September 25, and $4,200.00 on November 15. How much is the final payment on December 31 if the rate of interest was 11.5% on May 19; 8.21% effective August 1; and 6.35% effective November 1? Use the declining balance method and show all calculations				CLR 9	L10 Obj. 3
			Interest	PRINCIPAL	Balance
Date		Payment		PORTION
May	19				-$14,300.00
June	28	$1,300.00
Sept	25	$1,450.00
NOV	15	$4,200.00
Dec	31
		Final Payment	Final Interest
Cell B	Cell B
	USE THIS TABLE TO CALCULATE Dates and INTEREST
		Time	time/365	R	INTEREST
2017-05-19	2017-06-28
2017-06-29	2017-07-31
2017-08-01	2017-09-25
		SECOND INTEREST PAYMENT
2017-09-26	2017-10-31
2017-11-01	2017-11-15
		THIRD INTEREST PAYMENT
2017-11-16	2017-12-31