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The Tylers borrowed $20,000 to fix up their home. They plan to sell the home within a few months, so they signed a 90-day note at 7.5% interest on July 18. (An actual, not a banker's year, is being used to calculate interest.) The lender will be paid at the time the house sale closes. If the house is sold on September 24, the Tylers will owe what amount on the note?

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The Tylers borrowed $20,000 to fix up their home. They plan to sell the home within a few months, so they signed a 90-day note at 7.5% interest on July 18. (An actual, not a banker's year, is being used to calculate interest.) The lender will be paid at the time the house sale closes. If the house is sold on September 24, the Tylers will owe what amount on the note?






 
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