Max Wholesaler borrowed $$2,000$ on a $10\%,120-$day note. After $45$ days, Max paid $$700$ on the note. Thirty days later, Max paid an additional $$630.$ What is the final balance due? Use the U$.$S$.$ Rule to determine the total interest and ending balance due. Use ordinary interest.

Answer rating: 100% (QA)

To calculate the final balance due on Max Wholesalers note we need to determine the total interest a... View the full answer