given principal $12,000, interest rate 9%, time 240 days (use ordinary interest) partial payments: on 100th day, $5,800 on 180th day, $3,400 a. use the u.s. rule to solve for total interest cost. (use 360 days a year. do not round intermediate calculations. round your answer to the nearest cent.): Total interest cost: ?? b. use the u.s. rule to solve for balances. (use 360 days a year. do not round intermediate calculations. round your answers to the nearest cent.): Balance after the payment: On 100th day: ??
given principal $12,000, interest rate 9%, time 240 days (use ordinary interest) partial payments: on 100th day, $5,800 on 180th day, $3,400
a. use the u.s. rule to solve for total interest cost. (use 360 days a year. do not round intermediate calculations. round your answer to the nearest cent.):
Total interest cost: ??
b. use the u.s. rule to solve for balances. (use 360 days a year. do not round intermediate calculations. round your answers to the nearest cent.):
Balance after the payment:
On 100th day: ??
On 180th day: ??
c. use the u.s. rule to solve for the final payment. (use 360 days a year. do not round intermediate calculations. round your answers to the nearest cent.):
Final payment: ??
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