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What is malinda adjusted principal after the partial paymet

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Reference no: EM131623054

Question: Malinda Levi borrows $12,000 on a 9.5%, 90-day note. On the 30th day, Malinda pays $4,000 on the note. If ordinary interest is applied, what is Malinda's adjusted principal after the partial payment? What is the adjusted balance due at maturity?

Reference no: EM131623054

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