question archive B- A trader borrowed $8000 on a 120-day 4% simple interest note
B- A trader borrowed $8000 on a 120-day 4% simple interest note
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B- A trader borrowed $8000 on a 120-day 4% simple interest note. He paid $1000 toward the note on day 35. On day 80 he paid an additional $1000. Assume 360-day year, what is his ending balance due? (7 points)
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