A 100-day note worth $38,000 has an interest rate of 10% compounded annually and was signed on September 19. A payment totaling $14,500 was made on October 21. What is the new amount that is due upon maturity of the note? Use the banker's method which uses a 360-day year.
Multiple choice
$23,837.78
$24,288.05
$37,211.96
$14,162.22
