What are the interest cost and the total amount due on a six$-$month loan of $$1,500$ at $8$ percent simple annual interest? $($Do not round your intermediate calculations. Round your final answers to the nearest dollar amounts. Omit the $"$$$"$ sign in your response.$)$

Interest cost $

Total amount due $

Answer rating: 100% (QA)

1 Calculate Annual Interest Principal 1500 Rate 8 Ann... View the full answer