March 28, 2017

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Lisa Kane borrowed $8,000 on an 8%, 60-day note. After 15 days, Lisa paid $2,000 on the note. On day 45, Lisa paid $1,000 on the note. What is the total interest and ending balance due by the U.S. rule? Use ordinary interest.

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    Borrowed $14,000.00 at 8% for 90 days.What is the interest?

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