On April 3, the Mears Flag Company borrowed $17,000 to pay for start-up costs for its new Showroom. The loan had a simple int
erest rate of 8.25% and was for 270 days. The company was able to make partial payments of $7000 on May 28 and $3500 on October 12. How much will the company owe on the date of maturity? Assume 360 days in a year.
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