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Shawn Bixby borrowed $27,000 on a 180-day, 11% note. After 80 days, Shawn paid $3,000 on the note. On day 118, Shawn paid an additional
Shawn Bixby borrowed $27,000 on a 180-day, 11% note. After 80 days, Shawn paid $3,000 on the note. On day 118, Shawn paid an additional $5,000. Use ordinary interest. a. Determine the total interest use the U.S. Rule. (Do not round intermediate calculations. Round your answer to the nearest cent.) $ Total interest b. Determine the ending balance due use the U.S. Rule. (Do not round intermediate calculations Round your answer to the nearest cent.) $ Ending balance due
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