Question: Shawn Bixby borrowed $ 3 8 , 0 0 0 on a 1 2 0 - day, 8 % note. After 7 5 days, Shawn

Shawn Bixby borrowed $38,000 on a 120-day, 8% note. After 75 days, Shawn paid $4,100 on the note. On day 107, Shawn paid an additional $6,100. Use ordinary interest. a. Determine the total interest use the U.S. Rule. (Do not round Intermediate calculations. Round your answer to the nearest cent.) Total interest b. Determine the ending balance due use the U.S. Rule. (Do not round Intermediate calculations. Round your answer to the nearest cent.) Ending balano due

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