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

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Desiree Brown 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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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Sep 15, 2023 06:26 AM

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

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Foundations of Financial Management

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