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Find the Balance Due on the Maturity Date of the Note

Question 87

Multiple Choice

Find the balance due on the maturity date of the note. Find the total amount of interest paid on the note. Use the United States Rule.
-Principal: $3000
Interest: Find the balance due on the maturity date of the note. Find the total amount of interest paid on the note. Use the United States Rule. -Principal: $3000 Interest:   Time (days) : 60 Partial payment: $1200 on day 30 A) $1834.15; $34.15 B) $1924.87; $124.87 C) $1644.24; $44.24 D) $1812.75; $34.00
Time (days) : 60
Partial payment: $1200 on day 30


A) $1834.15; $34.15
B) $1924.87; $124.87
C) $1644.24; $44.24
D) $1812.75; $34.00

Correct Answer:

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