Aniyah borrowed $82,000, on a 120-day 4% note. After 50 days, Aniya made an initial payment of $40,000. On day 90, Aniyah made an additional payment of $25,000. Assuming the U.S. Rule, what is the adjusted balance after the second payment? Use exact days.

Answer rating: 100% (QA)

To calculate the adjusted balance after the second payment we need to first calculate the interest o... View the full answer