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: $38,400Interest: 9.2%Time (days): 180Partial payment: $20,000 on day 100
A. $18,642.69; $242.69
B. $19,777.57; $1377.57
C. $20,421.19; $2421.19
D. $22,101.51; $3701.51
Answer: B
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