Find the Balance Due on the Maturity Date of the Note

question 80

Multiple Choice

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: $38,400
Interest: 9.2%
Time (days) : 180
Partial payment: $20,000 on day 100

• A)$18,642.69; $242.69
• B)$22,101.51; $3701.51
• C)$19,777.57; $1377.57
• D)$20,421.19; $2421.19

---

Definitions:

Behavior Feedback

The information received about the effectiveness or appropriateness of one's actions, which can influence future behaviors.

Gestures

Physical actions or movements, particularly of the hands or face, used to express thoughts, intentions, or feelings without using words.

Written Communication

Refers to the process of conveying messages or information through written symbols, either printed or digital.

Tone of Voice

The quality or characteristic of a person's voice as it expresses emotions or attitudes.