An $8000 demand loan at a fixed rate of 10.5% was advanced on May 10....
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Finance
An $8000 demand loan at a fixed rate of 10.5% was advanced on May 10. A payment of $2000 was made on July 15 and a final payment was made on Sept. 5. What was the size of the final payment?
a) $6242.20
b) $6243.92
c) $6363.61
d) $6151.89
e) $8152.90
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