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You take out a demand loan on February 17th, in a non-leap year, with a local financing company. The loan is for $4500 at an interest rate of 12.15%. The interest rate rises to 12.75% on March 18th and then goes down to 12.25% on April 29th. You make partial payments of $900 on March 2nd and $1700 on May 14th. The loan is demanded in full on June 21st. What is the size of the final payment?
Universally Acceptable
Qualities or standards that are widely recognized and endorsed across different cultures, societies, or groups.
Absolute Advantage
A condition in which a country, individual, or company can produce a specific good at a lower cost in resources than another.
Comparative Advantage
The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.
Knitting
The craft or action of creating fabric by interlocking loops of yarn using needles.
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