Question: Delta corporation obtained a $ 4 5 , 0 0 0 loan at a rate of prime + 1 . 1 5 % on July

Delta corporation obtained a $45,000 loan at a rate of prime +1.15% on July 18. Fixed payments of $3500 are due on the 25th of each month, beginning August 25. The prime rate was 3.85% on july 18 and rose to 4% on september 6. What is the outstanding loan balance immediately after the september 25th payment?(use 365 days a year. Do not round immediate calculations. Round your final answer to 2 decimal places.)

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