Question: james co. Borrowed $1200 on a 90 day 11% note. After 15 days , James paid $200 toward the note. James made an additional payment
james co. Borrowed $1200 on a 90 day 11% note. After 15 days , James paid $200 toward the note. James made an additional payment of $150, 40 days later. What is the final balance due and total interest for the u.s rule? Use ordinary interest ( use bond basis)
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