Question: Comet Lee borrowed $ 1 6 , 0 0 0 on a 6 % , 9 0 - day note. After 2 0 days, Comet

Comet Lee borrowed $16,000 on a 6%,90-day note. After 20 days, Comet paid $2,000 on the note. On day 50, Comet paid $4,000
on the note. What are the total interest and ending balance due by the U.S. Rule? Use ordinary interest:
Note: Use 360 days. Do not round the denominator In your calculation and round your final answers to the nearest cent.
Total interest
Ending balance due
 Comet Lee borrowed $16,000 on a 6%,90-day note. After 20 days,

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