Question

Christina Hercher borrowed $50,000 on a 90 day, eight percent note. Christina paid $3,000 toward the note on day 40. On day 60 she paid an additional $4,000. Using the U.S. Rule, Christina's adjusted balance after the first payment is: I really need help understanding this.

Answer 1

I'm just leaving, if you cannot solve it contact me on msn later. victor_arana@hotmail.com