At maturity, using the U.S. Rule, the interest calculated from the last partial payment is:
A)Subtracted from adjusted balance
B)Added to beginning balance
C)Subtracted from beginning balance
D)Added to adjusted balance
E)None of these

Question

Quizplus · Accepted Answer

According to the U.S. Rule, interest is typically added to the principal balance at the end of each period. This means that at maturity, the interest calculated from the last partial payment should be added to the adjusted balance. Therefore, the correct choice is D.

At Maturity, Using the U