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Part 1

Apply the United States rule to determine the balance at maturity and the total interest paid if the remainder of the loan is paid at maturity.

Principal	Interest Rate %	Loan Length (Days)	Partial Payment	Payment on Day #
$8700	.085%	130	$1800	52

The total interest paid on the loan is

(Round the final answer to the nearest cent. Round all intermediate values to the nearest cent.)