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Laura Kay borrows $5000 on 3/10/05 and pays back $4000 on 6/10/05. What is the o...

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Laura Kay borrows $5000 on 3/10/05 and pays back $4000 on 6/10/05. What is the outstanding balance on the loan on 8/10/05 at 5%? Use the United states Rule.

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