Question
Polly borrowed $5,000 for 60 days at 8%. On day 10, Polly made a $600 partial payment. On day 40, Polly made a $1,900 payment.
Polly borrowed $5,000 for 60 days at 8%. On day 10, Polly made a $600 partial payment. On day 40, Polly made a $1,900 payment. What is Polly's ending balance due under the U.S. Rule (assume ordinary interest as well)
A) Adjusted balance after the first payment:
B) Adjusted balance after the second payment:
C) ending balance due:
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Finite Geometry And Combinatorics
Authors: F De Clerck ,J Hirschfeld
1st Edition
0521448506, 978-0521448505
