Suppose You Take Out a Loan for 180 Days in the Amount

Multiple Choice

Suppose you take out a loan for 180 days in the amount of $13,500 at 11% ordinary interest. After 50 days, you make a partial payment of $1,000. What is the final amount due on the loan? (Round to the nearest cent)

A) $13,210.97
B) $13,698.82
C) $13,242.50
D) $13,232.33