Question: Homework Saved Help Save & Exit Submit Check my work Max Wholesaler borrowed $6,000 on a 5%, 120-day note. After 45 days, Max paid

Homework Saved Help Save & Exit Submit Check my work Max Wholesaler

Homework Saved Help Save & Exit Submit Check my work Max Wholesaler borrowed $6,000 on a 5%, 120-day note. After 45 days, Max paid $2,100 on the note. Thirty days later, Max paid an additional $1,800. Use ordinary interest. a. Determine the total interest using the U.S. Rule. Note: Round your intermediate balances and interest amounts to the nearest cent. Round your final answer to the nearest cent. d Total interest amount es b. Determine the ending balance due using the U.S. Rule. Note: Round your intermediate balances and interest amounts to the nearest cent. Round your final answer to the nearest cent. Ending balance due

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