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Determining the final payment of automotive excellence inc

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Automotive Excellence Inc. borrowed $20,000.00 on April 16 with an interest rate of 8.5% per annum. On May 30, $5800.00 was repaid, and on August 15, $5600.00 was repaid. Automotive Excellence paid the balance of the loan on October 27. What was the final payment? The final payment was $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Reference no: EM133071764

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