Question: Given Principal: $ 1 2 , 5 0 0 , 5 % , 2 4 0 days Partial payments: On 1 0 0 th day,

Given Principal: $12,500,5%,240 days
Partial payments: On 100th day, $5,000
On 180th day, $3,000
a. Use the U.S. Rule to solve for total interest cost. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)
b. Use the U.S. Rule to solve for principal balances. (Use 360 days a year. Do not round intermediate calculations. Round your answers to the nearest cent.)
c. Use the U.S. Rule to solve for final payment. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.)

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