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Question 3 On December 14, you get a 13.9% $1,700 furniture loan with monthly payments of $81.54. Your first payment is due January 14. What

Question 3

On December 14, you get a 13.9% $1,700 furniture loan with monthly payments of $81.54. Your first payment is due January 14. What is the balance after your first payment, assuming the lender receives your payment on January 11?

		$1,618.46
		$1,636.59
		$1,681.87
		$18.13

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