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Kelly borrows $6,500 on a 12%, 90 day note. On the 40th day Kelly pay $1,250 of the note. If ordinary interest is applied, what

Kelly borrows $6,500 on a 12%, 90 day note. On the 40th day Kelly pay $1,250 of the note. If ordinary interest is applied, what is the adjusted balance due at maturity date? (# days = 360)

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