Alicia borrowed $8,500 at 6% ordinary interest for 180 days. After 40 days, she made a partial payment of $2,000. After another 70 days, Alicia made a second partial payment of $2,000. What is the final amount due on the loan? (Round to the nearest cent)

A) $4,755.00
B) $4,687.21
C) $4,500.50
D) $4,684.62

B

Business

You might also like to view...

A company received a bank statement showing a balance of $75,000. Reconciling items included outstanding checks of $2,400 and a deposit in transit of $9,500. What is the company's adjusted bank balance?

A) $63,100 B) $67,900 C) $82,100 D) $65,500

Business

A modular architecture improves:

A) design for Six Sigma and design for the environment. B) design for manufacturability and design for maintainability. C) design for maintainability and design for the environment. D) design for Six Sigma and design for manufacturability.

Business