Multiple Choice
Mike borrowed $6,000 on August 15 at a rate of 9.3% annually. Two payments of $2,000 were made on September 1 and November 1 to reduce the loan. What amount should be paid on December 15 to pay off the loan?
A) $3,861.05
B) $2,110.58
C) $4, 258.23
D) $5, 815.01
E) $6,005.37
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q248: Calculate the amount of money that would
Q249: Michaela is supposed to pay $15,000 to
Q250: How much interest will an investment of
Q251: An invoice states that interest will be
Q252: The first two of the following three
Q254: Petra has forgotten the rate of simple
Q255: What payment 5 months from now would
Q256: Calculate the amount of interest that would
Q257: Cindy borrowed $750 from Clare on April
Q258: $12,000 due today is to be replaced