8. A loan of $6000 made at 11% per annum on March 10 is repaid in full on November 15,
Payments were made of $2000 on June 30 and $2500 on September 5. What was the final
payment?
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Answer:
1360 is the correct answer...
Step-by-step explanation:
11% of 6000 = 660
6000+660=6660
money paid = 2500+2500=5000
loan - paid = final payment to pay
6660-5000=1660$
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