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Question content area top Part 1 Apply the United States rule to determine the balance at maturity and the total interest paid if the remainder
Question content area top
Part 1
Apply the United States rule to determine the balance at maturity and the total interest paid if the remainder of the loan is paid at maturity.
Principal | Interest Rate % | Loan Length (Days) | Partial Payment | Payment on Day # |
---|---|---|---|---|
$8400 | 912% | 140 | $1900 | 56 |
Question content area bottom
Part 1
The total interest paid on the loan is
$enter your response here.
(Round the final answer to the nearest cent. Round all intermediate values to the nearest cent.)
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