On september 14 jennifer rick went to park bank to borrow, Ask an Expert

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On September 14, Jennifer Rick went to Park Bank to borrow $1,800 at 7% interest. Jennifer plans to repay the loan on January 27. Assume the loan is on ordinary interest. (Use Days in a year table.)

What interest will Jennifer owe on January 27?

What is the total amount Jennifer must repay at maturity?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91608933

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