21) Sandra Glory borrowed $5,000 on a 120-day 5% note. Sandra paid $500 toward the...

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Accounting

21) Sandra Glory borrowed $5,000 on a 120-day 5% note. Sandra paid $500 toward the note on day 40. On day 90 she paid an additional $1,500. Using the U.S. Rule and ordinary interest, find Sandra's loan balance after the second payment. Day 0 Payment to Interest to Principal Balance

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