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Quick Print Press borrowed $ 2 0 , 0 0 0 from the Provincial Bank on May 2 5 at 7 . 5 % and
Quick Print Press borrowed $ from the Provincial Bank on May at and secured the loan by signing a promissory note subject to a variable rate of interest. Quick Print made partial payments of $ on July and $ on September The rate of interest was increased to effective August and to effective October What payment must Quick Print make on October if under the terms of the loan agreement, any interest accrued as of October is to be paid on October
Quick Print must make a payment of $ on October
Round to the nearest cent as needed.
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