TB MC Qu. 10-45 (Static) Sara borrowed... Sara borrowed $5,000 on a 120-day 5% note. Sara paid $500 toward the note on day 40. On day 90, she paid an additional $500. Using the U.S. Rule, her adjusted balance after the first payment is: Multiple Choice $4,725.87 $4,52778 $4,725.70 < Prev 17 of 20 Next >

TB MC Qu. 10-45 (Static) Sara borrowed... Sara borrowed $5,000 on a 120-day 5% note. Sara paid $500 toward the note on day 40. On day 90, she paid an additional $500. Using the U.S. Rule, her adjusted balance after the first payment is: Multiple Choice $4,725.87 $4,52778 $4,725.70 < Prev 17 of 20 Next >

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Multiple Choice
$4,725.87
TB MC Qu. 10-45 (Static) Sara borrowed...
Sara borrowed $5,000 on a 120-day 5% note. Sara paid $500 toward the note on day 40. On day 90, she paid an additional $500. Using the U.S.
Rule, her adjusted balance after the first payment is:
$4,527.78
$4,725.70
< Prev
17 of 20 www
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