You take out a loan of $10,000 today at simple interest at r = 15%.You make the following payments: $100 in two months,$8000 in four months and the balance in 6 months.What is the final balance according to the Declining Balance Method?
A)$2445.00
B)$2460.00
C)$2463.84
D)$2562.50

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The Answer of You take out a loan of $10,000 today at simple interest at r = 15%.You make the following payments: $100 in two months,$8000 in four months and the balance in 6 months.What is the final balance according to the Declining Balance Method?
A)$2445.00
B)$2460.00
C)$2463.84
D)$2562.50

You Take Out a Loan of $10,000 Today at Simple