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(1 point) On January 12, 2013, Sammy borrows $7850 at 2.25%. She pays $535 on March 5, 2013; $600 on May 27, 2013; $264 on

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(1 point) On January 12, 2013, Sammy borrows $7850 at 2.25%. She pays $535 on March 5, 2013; $600 on May 27, 2013; $264 on July 26, 2013. What is the balance on November 11, 2013, by: Merchants Rule: $ Declining Balance Method: $

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