Alicia borrowed $7,500 at 6% ordinary interest for 180 days. After 50 days, she made a partial payment of $2,000. After another 80 days, Alicia made a second partial payment of $2,000. What is the final amount due on the loan? (Round to the nearest cent.) O $3,666.97 O $3,729.38 O $4,787.50 O $5,734.25

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 19E
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Alicia borrowed $7,500 at 6% ordinary interest for 180 days. After 50 days, she made a partial payment of $2,000. After another
80 days, Alicia made a second partial payment of $2,000. What is the final amount due on the loan? (Round to the nearest cent.)
$3,666.97
O $3,729.38
O $4,787.50
O $5,734.25
Transcribed Image Text:Alicia borrowed $7,500 at 6% ordinary interest for 180 days. After 50 days, she made a partial payment of $2,000. After another 80 days, Alicia made a second partial payment of $2,000. What is the final amount due on the loan? (Round to the nearest cent.) $3,666.97 O $3,729.38 O $4,787.50 O $5,734.25
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