Question: Given Principal: $ 8 , 5 0 0 , 5 % , 2 4 0 days Partial payments: On 1 0 0 th day, $

Given Principal: $8,500,5%,240 days
Partial payments: On 100th day, $3,000
On 180th day, $2,100
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.)
Total interest cost
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.)
Final payment
 Given Principal: $8,500,5%,240 days Partial payments: On 100th day, $3,000 On

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