Apply the United States rule to determine the balance at maturity and the total interest paid if the remainder of the loan id paid at maturity. Principal $8600, interest rate 7.5%, loan length is 110, partial payment $1800, payment made on day 44. (Round to the nearest cent as needed)

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20-06-2024
Mathematics

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Apply the United States rule to determine the balance at maturity and the total interest paid if the remainder of the loan id paid at maturity. Principal $8600, interest rate 7.5%, loan length is 110, partial payment $1800, payment made on day 44. (Round to the nearest cent as needed)

Sagot :

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