Multiple Choice
You take out a loan of $10,000 today at simple interest at r = 15%.You make the following payments: $100 in two months,$8000 in four months and the balance in 6 months.What is the final balance according to the Declining Balance Method?
A) $2445.00
B) $2460.00
C) $2463.84
D) $2562.50
Correct Answer:
Verified
Correct Answer:
Verified
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