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Business, 11.03.2020 16:58 HoneySoft

Jim Murphy borrowed $30,000 on a 120-day 14% note. Jim paid $5,000 toward the note on day 95. On day 105 he paid an additional $6,000. Using the U. S. Rule, Jim's adjusted balance after the first payment is:

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Jim Murphy borrowed $30,000 on a 120-day 14% note. Jim paid $5,000 toward the note on day 95. On day...

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