4A)

4B)

Central Auto Parts borrowed $358,000 at 10% interest on July 24 for 89 days. a. If the bank uses the ordinary interest method, what is the amount of interest on the loan? Round your answer to the nearest cent. b. What is the maturity date? -Select- Compute the principal for the following loan. Use ordinary interest when time is stated in days. Do not round intermediate calculations. Principal Rate(%) Time 1 years Interest $322.50 $ 6