Principal (=$ 800), rate (=13.99 %), term is 150 days, partial payment of ($ 525) made after
Question:
Principal \(=\$ 800\), rate \(=13.99 \%\), term is 150 days, partial payment of \(\$ 525\) made after 50 days.
Find the payoff value of the loan with the given principal, annual simple interest rate, term, partial payment, and time at which the partial payment was made.
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