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Bill Brody borrowed $12,500 on an 11% 120-day note. After 65 days, bill paid $500 toward the note. On day 89, bill paid an additional
Bill Brody borrowed $12,500 on an 11% 120-day note. After 65 days, bill paid $500 toward the note. On day 89, bill paid an additional $4,500. What is the final balance due? Work out the total interest and ending balance due by the U.S. Rule.
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