A couple requested a loan of $ 55,000 for a down payment on a house,...
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A couple requested a loan of $ 55,000 for a down payment on a house, on September 15, 2015, agreeing to pay $ 8,000 on January 15, 2016 and $ 5,000 on May 15, 2016. If the interest rate is 14%, determine the amount that you will pay on September 15, 2016 to pay off the debt.
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