Question: 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.

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

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