Gloy borrowed $5,000 on a 120-day 5% note. Sandra paid $500 toward the note on day 40. On day 90, she paid an additional $500. Using the U.S. her adjusted balance after the first payment is:
A) $4,527.78
B) $4,527.87
C) None of these
D) $4,725.87
E) $4,725.70
