Multiple Choice
Solve the problem.
-On May 1, you sign a $800 note with simple interest of 9.5% and a maturity date of December 19. You make partial payments of $400 on June 2 and $250 on November 4. How much will you owe On the date of maturity?
A) $175.45
B) $178.17
C) $174.26
D) $177.51
Correct Answer:
Verified
Correct Answer:
Verified
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