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Check r On May 3, 2020, Leven Corp. negotiated a short-term loan of $780,000. The loan is due October 1, 2020, and carries a 6.20%

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Check r On May 3, 2020, Leven Corp. negotiated a short-term loan of $780,000. The loan is due October 1, 2020, and carries a 6.20% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Maturity value

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