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QUESTION
You purchase an antique vase for $25,300 on February 9 and pay $700 down. You agree to pay interest of 8.2% simple interest on the balance.
You purchase an antique vase for $25,300 on February 9 and pay $700 down. You agree to pay interest of 8.2% simple interest on the balance. If you pay $12,000 on April 4 and $5,000 on July 15, what final payment is due on September 12:
A. Using Merchants Rule?
B. Using US Rule?
Do not use dollar signs ($) or commas (,).
