Problem

Sue Cooper borrowed $6,000 on an 11|%, 120-day note. Sue paid $300 toward the note on day...

Sue Cooper borrowed $6,000 on an 11|%, 120-day note. Sue paid $300 toward the note on day 50. On day 90, Sue paid an additional $200. Using the U.S. Rule, Sue's adjusted balance after her first payment is the following. (p. 261)

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Solutions For Problems in Chapter 13