What is the adjusted balance due at maturity

Reference no: EM13200144

Maryam pays $3000 on the 30th day of a $7,000, 120-day, and 8% loan.

a. What is the adjusted principal after the partial payment is made if ordinary interest is applied?
Answer:

b. What is the adjusted balance due at maturity?
Answer:

Reference no: EM13200144

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