Results 1 to 2 of 2

Math Help - U.S. Rule

  1. #1
    Newbie
    Joined
    Nov 2013
    From
    kentucky
    Posts
    2

    U.S. Rule

    apply us rule to determine the balance at maturity and the total interest paid if the remainder of the loans is paid at maturity.
    principal= $10,500
    interest rate=9.5%
    loan length in days=240
    partial payment=$4,620
    payment on day #=96

    I have no idea how to do this problem or what this rule is.....can anyone help please...........
    Follow Math Help Forum on Facebook and Google+

  2. #2
    Newbie
    Joined
    Nov 2013
    From
    Scotland
    Posts
    18
    Thanks
    1

    Re: U.S. Rule

    US Rule for Partial Payments

    Follow this method
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Replies: 2
    Last Post: October 23rd 2013, 08:30 AM
  2. [SOLVED] quick question on product rule and equality rule for logs
    Posted in the Pre-Calculus Forum
    Replies: 8
    Last Post: October 19th 2011, 07:29 PM
  3. Replies: 5
    Last Post: October 19th 2009, 01:04 PM
  4. Replies: 2
    Last Post: December 13th 2007, 05:14 AM
  5. Replies: 3
    Last Post: August 31st 2006, 09:08 AM

Search Tags


/mathhelpforum @mathhelpforum