Question

On April​ 3, the Mears Flag Company borrowed $14,000 to pay for​ start-up costs for its...

On April​ 3, the Mears Flag Company borrowed $14,000 to pay for​ start-up costs for its new Showroom. The loan had a simple interest rate of 8.25% and was for 210 days. The company was able to make partial payments of ​$7000 on May 28 and ​$4500 on October 12. How much will the company owe on the date of​ maturity? Assume 360 days in a year.

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