Given Principal $10,000, Interest Rate 8%, Time 240 days (use ordinary interest)
| Partial payments: | On 100th day, $4,000 | |
| On 180th day, $2,000 |
Use the U.S. Rule to solve for total interest cost
Use the U.S. Rule to solve for balances.
Use the U.S. Rule to solve for final payment
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Given Principal $10,000, Interest Rate 8%, Time 240 days (use ordinary interest)
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