5. You are a collections manager for a hospital. One
patient has an overdue balance of $550. If the bill
is paid within 1 year, no interest fees will be
charged. The patient has agreed to pay 11 monthly
payments of $50. How much will the patient owe
after she makes 2 monthly payments?
A. $50
B. $100
c. $400
D. $450
E. $500
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