Dealer borrowed $ 25,000 on a 150 – days 4% simple interest note. He paid $ 10,000 toward the note


dealer borrowed $ 25,000 on a 150 – days 4% simple interest note. He paid $ 10,000 toward the note on day 30, On day 80 he paid an additional $ 10,000. Assume 360-days (7 points) year, what is his ending balance due?


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