Question: Sara borrowed $ 5 , 0 0 0 on a 1 2 0 - day 5 % note. Sara paid $ 5 0 0 toward

Sara borrowed $5,000 on a 120-day 5% note. Sara paid $500 toward the note on day 40. On day 90, she paid an additional $500. Using the U.S. Rule, her adjusted balance after the first payment is:
Multiple Choice
None of these
$4,527.87
$4,527.78
$4,725.70
$4,725.87

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