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Sam Flores owes $118800 on a 7%, 150-day note. On day 30, he pays $29700 on the note. On day 110 , he pays an
Sam Flores owes $118800 on a 7%, 150-day note. On day 30, he pays $29700 on the note. On day 110 , he pays an additional $41580. Based on the U.S. Rule, calculate the following. (Use a -day year, and round all answers to the nearest cent.) 1. Adjusted balance after the first payment: 2. Adjusted balance after the second payment: 3. Balance at maturity
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