Question: You borrow $ 2 5 0 0 on September 3 r d this year. Your demand loan carries an interest rate of 7 . 4

You borrow $2500 on September 3rd this year. Your demand loan carries an interest rate of 7.46%. You make partial payments of $500 on October 15th and $1575 on November 17th. You want to make a final payment to pay off the remaining outstanding balance on November 30th. What is the size of your final payment? Use the declining balance method.
Select one:
A. $449.07
B. $851.11
C. $399.76
D. $612.84
E. $450.02
 You borrow $2500 on September 3rd this year. Your demand loan

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