You buy a moped on September 1 for $800 with $200 down. You agree to pay the seller the remaining $600 at 10% interest with two monthly payments of $303.76. The seller receives your first payment on October 3 and receives your final payment on October 29. Calculate interest for the October 29 payment using the U. S. Rule. Remember, the final payment may be slightly different because of rounding and actual payment date. $2.15

$301.50

$0.00

$5.26