Question: Given Principal $ 1 4 , 5 0 0 , Interest Rate 8 % , Time 2 4 0 days ( use ordinary interest )
Given
Principal $ Interest Rate Time days use ordinary interest
Partial payments: On th day, $; On th day, $
a Use the US Rule to solve for total interest cost.
Note: Use days a year. Do not round intermediate calculations. Round your answer to the nearest cent.
tableTotal interest cost,$
b Use the US Rule to solve for balances.
Note: Use days a year. Do not round intermediate calculations. Round your answers to the nearest cent.
tableOn th day,On th dayBalance after the payment,,
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