Multiple Choice
Solve the problem.
-On March 8, you sign a $5000 note with simple interest of 10% for 240 days. You make partial Payments of $1300 on May 26 and $2300 on July 31. How much will you owe on the date of Maturity?
A) $1627.77
B) $1626.95
C) $1621.25
D) $1611.09
Correct Answer:
Verified
Correct Answer:
Verified
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