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Shaday owes $5,000 on an 4%, 90 day note, on day 50, she pays $600 on the note, on day 80, she makes an $800
Shaday owes $5,000 on an 4%, 90 day note, on day 50, she pays $600 on the note, on day 80, she makes an $800 additional payment. Assume a 360 day year. What is Shaday adjusted balance after day 50 and after day 80? what is the ending balance due?
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