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You get a $5,000 180-day 11% consumer loan on May 18. You make a $2,000 payment on July 18. Calculate the balance you still owe

You get a $5,000 180-day 11% consumer loan on May 18. You make a $2,000 payment on July 18. Calculate the balance you still owe after the payment. Assume a 365-day year.

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