Question: borrowed $2.500 on a 7%, 120-day note After 45 days, Max paid $875 on the note. Thity days later, Max paid an Max Wholesaler additional

borrowed $2.500 on a 7%, 120-day note After 45 days, Max paid $875 on the note. Thity days later, Max paid an Max Wholesaler additional $750.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) b. Determine the ending balance due use the US. Rule. (Do not round intermediate calculations Round your answer to the nearest cent.) balance due borrowed $2.500 on a 7%, 120-day note After 45 days, Max paid $875 on the note. Thity days later, Max paid an Max Wholesaler additional $750.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) b. Determine the ending balance due use the US. Rule. (Do not round intermediate calculations Round your answer to the nearest cent.) balance due

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