Question

Suppose you take out a loan for 150 days in the amount of $14,000 at 6%...

Suppose you take out a loan for 150 days in the amount of $14,000 at 6% ordinary interest. After 50 days, you make a partial payment of $2,000. After another 30 days, you make a second partial payment of $2,000. What is the final amount due on the loan?

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