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*wmg Center for their current hours and additional intormation. Also, you call cu to office hours for help. 1. On September 14, 2019, Jennifer Rick went to US Bank to borrow $2,500 at 11 % interest. Jennifer plans to repay the loan on January 27, 2020. The interest for the loan is calculated using ordinary interest (360 days). a. How much in interest will Jennifer owe on January 27t? b. What is the total amount Jennifer must repay at maturity? 2. Kevin wants to buy a 2020 Prius XLE AWD-e. At his local Toyota dealership, the exact care he wants to buy cost $32,346. Kevin plans on making a 55000 down payment on the car and financing the rest of the car through a car loan. The dealership offers a financing! plan of 60 months with a 4.25% simple interest rate. Assuming that Kevin will pay sales tax to the DMV directly and that he will pay the other fees in cash at the dealership, then: a. What is the maturity value of his loan? b. What will be Kevin's monthly payment? 3. Carol Miller went to Europe and forgot to pay her $950 mortgage payment on her Beloit home. For her 45 days overdue on her payment, the bank charged her a penalty of $22.25. What was the rate of interest charged by the bank? crest? T-1820 1000X8% 4. How long will it take for S1000 to amount to S1820 at 8% simple interest? T2 a. Report the answer in years. 22 or 404 b. Report the answer in months. c. Report the answer in days and hours (use 365 days in calculation). 5. The owner of a store signed a $60,000 promissory note at Wells Fargo. Wells Fargo charges a 7.25% discount rate. If the loan is for 210 days, find: a. The maturity value of the loan. The bank's discount amount. The proceeds the owner would receive d. The effective rate of interest charged by the bank (rounded to the nearest hundredth of a percent)