Question: * can you do this in excel and screenshot your steps? Max Wholesaler borrowed $11,500 on a 7%, 120-day note. After 45 days, Max paid
* can you do this in excel and screenshot your steps?
Max Wholesaler borrowed $11,500 on a 7%, 120-day note. After 45 days, Max paid $4,025 on the note. Thirty days later, Max paid an additional $3,450. 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 amount $ 181.00 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 $ 4,206.00
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