Mike borrowed $6,000 on August 15 at a rate of 9.3% annually. Two payments of $2,000 were made on September 1 and November 1 to reduce the loan. What amount should be paid on December 15 to pay off the loan?
A) $3,861.05
B) $2,110.58
C) $4, 258.23
D) $5, 815.01
E) $6,005.37

Question

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The Answer of Mike borrowed $6,000 on August 15 at a rate of 9.3% annually. Two payments of $2,000 were made on September 1 and November 1 to reduce the loan. What amount should be paid on December 15 to pay off the loan?
A) $3,861.05
B) $2,110.58
C) $4, 258.23
D) $5, 815.01
E) $6,005.37

Mike Borrowed $6,000 on August 15 at a Rate of 9.3