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Emily Evergreen borrows $ 2 0 , 0 0 0 on a 9 . 5 % simple interest rate, 1 8 0 - day note.
Emily Evergreen borrows $ on a simple interest rate, day note. On the th day, Emily pays $ on the note. If ordinary interest is applied:a What is Emilys adjusted principal after the partial payment? b What is the adjusted balance due at maturity? c What is the amount of the interest saved by making the partial payment?
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