=2 = 3 = 4 = 5 6 Kevin Roberts owes $111,600 on an 8%, 130-day...
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=2 = 3 = 4 = 5 6 Kevin Roberts owes $111,600 on an 8%, 130-day note. On day 15, he pays $27,900 on the note. On day 90, he pays an additional $44,640. Based on the U.S. Rule, calculate the following. (Use a 360-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: $ $00 =2 = 3 = 4 = 5 6 Kevin Roberts owes $111,600 on an 8%, 130-day note. On day 15, he pays $27,900 on the note. On day 90, he pays an additional $44,640. Based on the U.S. Rule, calculate the following. (Use a 360-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: $ $00
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