Question: You borrow $ 2 5 0 0 on September 3 rd this year. Your demand loan carries an interest rate of 7 . 4 6

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.
a
$851.11
b
$399.76
c
$449.07
d
$450.02
e
$612.84

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