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Jones of Boston borrowed $40000 on a 90 day, 10% note. After 60 days, Jones made a partial payment of $6000. On day 80, Jones made an additional partial payment of $7000. Assume ordinary interest.
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Jones of Boston borrowed $40000 on a 90 day, 10% note. After 60 days, Jones made a partial payment of $6000. On day 80, Jones made an additional partial payment of $7000. Assume ordinary interest.

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