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Desiree borrowed $50,000 on a 90-day 8% note. Desiree paid $3,000 toward the note on day 40. On day ...

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Desiree borrowed $50,000 on a 90-day 8% note. Desiree paid $3,000 toward the note on day 40. On day ...

Desiree borrowed $50,000 on a 90-day 8% note. Desiree paid $3,000 toward the note on day 40. On day 60, she paid an additional $4,000. Using the U.S. Rule, Desiree's adjusted balance after the first payment is:

▸

$1,008.89

▸

$48,008.89

▸

$47,444.44

▸

$44,744.44

▸

None of these

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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