On April 3, the Mears Flag Company borrowed $19,000 to pay for start-up costs for its new Showroom. The loan had
a simple interest rate of 8.75% and was for 290 days. The company was able to make partial payments of $6000 on
May 28 and $4000 on October 12. How much will the company owe on the date of maturity? Assume 360 days in a
year.
Click the icon to view a table of the number of the day of the year for each date.
The company will owe $ on the date of maturity.
(Round to the nearest cent as needed.)