Amy owes 72000 on 8%, 90 day note. On day 30, she pays 18000 on...
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Amy owes 72000 on 8%, 90 day note. On day 30, she pays 18000 on the note. On day 45 , she pays an additional 28800. Based on the us rule, calculate the following. Use a 360 day year, and round all answers to the nearest cent. 1. Adjusted balance after first payment 2. Adjusted balance after the second payment 3. Balance at maturity
Amy owes 72000 on 8%, 90 day note. On day 30, she pays 18000 on the note. On day 45 , she pays an additional 28800. Based on the us rule, calculate the following. Use a 360 day year, and round all answers to the nearest cent. 1. Adjusted balance after first payment 2. Adjusted balance after the second payment 3. Balance at maturity
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