O $3,433.89 O $3,630.56 $3,636.11 $3,793.72

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Myerson borrowed $8,500 at 7% ordinary interest for 200 days. After 160 days, he made a partial payment of $5,000. What is the final amount due on the loan?
$3,433.89
$3,630.56
$3,636.11
$3,793.72
Transcribed Image Text:Myerson borrowed $8,500 at 7% ordinary interest for 200 days. After 160 days, he made a partial payment of $5,000. What is the final amount due on the loan? $3,433.89 $3,630.56 $3,636.11 $3,793.72
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