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 $1,000 at 6% interest. Jennifer plans to repay the loan on January 27. Steven Linden met Jennifer Rick at Park Bank and suggested she consider the loan on exact interest. Calculate the loan for Jennifer under this assumption. (Use Days in a year table.) (Round your answers to the nearest cent.)

Loan payoff using exact interest method $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92742783

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