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  • 4 years ago

Christina Hercher borrowed $50,000 on a 90 day, eight percent note. Christina paid $3,000 toward the note on day 40. On day 60 she paid an additional $4,000. Using the U.S. Rule, Christina's adjusted balance after the first payment is: $1,008.89 $48,008.89 $47,444.44 $44,744.44 None of these

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