Shaffer's Book Store borrowed $30,000 on March 10 for 90 days. The interest rate was 9% using the ordinary interest method. On day 30 of the loan, Shaffer made a partial payment of $12,000, and on day 70 of the loan Shaffer made a second partial payment of $3,000. What is the new maturity value of the loan?

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The Answer of Shaffer's Book Store borrowed $30,000 on March 10 for 90 days. The interest rate was 9% using the ordinary interest method. On day 30 of the loan, Shaffer made a partial payment of $12,000, and on day 70 of the loan Shaffer made a second partial payment of $3,000. What is the new maturity value of the loan?

Shaffer's Book Store Borrowed $30,000 on March 10 for 90