19. Steve Perry borrowed $40,000 at 12% ordinary interest for 60 days. On day 20 of the loan, Steve made a partial payment of $8,000. What is the new maturity value (in $) of the loan? (Round your answer to two decimal places.) $ ______

20. Suppose you take out a loan for 180 days in the amount of $12,500 at 14% ordinary interest. After 60 days, you make a partial payment of $1,000. What is the final amount due on the loan? (Round to the nearest cent.)

$11,666.67. $12,341.94 $12,617.08. $12,657.92