Multiple Choice
Find the adjusted balance due at maturity for a 180 day note of $38,400 at 11.8% ordinary interest if a partial payment of $20,000 is made on the 100th day of the loan.
A) $19,658.67
B) $1258.67
C) $20,174.16
D) $515.49
Correct Answer:
Verified
Correct Answer:
Verified
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