Question

Christina Hercher borrowed $50,000 on a 90 day, eight percent note. Christina paid $3,000 toward the note on day 40. On day 60 she paid an additional $4,000. Using the U.S. Rule, Christina's adjusted balance after the first payment is: (Points : 1)
$1,008.89
$48,008.89
$47,444.44
$44,744.44
None of these

Answer 1

See 11:06pm post.