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3. Steve Perry borrowed $10,000 at 12% ordinary interest for 60 days. On day 20 of the loan, Steve made a partial payment of $4,000.

image text in transcribed 3. Steve Perry borrowed $10,000 at 12% ordinary interest for 60 days. On day 20 of the loan, Steve made a partial payment of $4,000. What is the new maturity value of the loan? 3. Steve Perry borrowed $10,000 at 12% ordinary interest for 60 days. On day 20 of the loan, Steve made a partial payment of $4,000. What is the new maturity value of the loan

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