Automotive Excellence Inc. borrowed $18,000.00 on March 4 with an interest rate of 8.8% per annum. On June 1, $5000.00 was repaid, and on August 16, $5100.00 was repaid. Automotive Excellence paid the...



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​(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)


Automotive Excellence Inc. borrowed $18,000.00 on March 4 with an interest rate of 8.8% per annum. On June 1, $5000.00 was repaid, and on August 16, $5100.00 was repaid. Automotive Excellence paid the balance of the loan<br>on October 3. What was the final payment?<br>The final payment was $<br>(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)<br>

Extracted text: Automotive Excellence Inc. borrowed $18,000.00 on March 4 with an interest rate of 8.8% per annum. On June 1, $5000.00 was repaid, and on August 16, $5100.00 was repaid. Automotive Excellence paid the balance of the loan on October 3. What was the final payment? The final payment was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Jun 11, 2022
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