Jim Young owes 57,600 on a 7%,140-day note. On day 45, he pays $17,280 on...
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Accounting
Jim Young owes on a day note. On day he pays $ on the note. On day he pays an additional $ Based on the US Rule, calculate the following. Use a day year, and round all answers to the nearest cent. What is the adjusted balance after the first payment? What is the adjusted balance after the second payment? What is the balance at maturity?
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