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Leslie Hart borrowed $15,000 to pay for her child's education at Riverside Community College. Leslie must repay the loan at the end of 8 months
Leslie Hart borrowed $15,000 to pay for her child's education at Riverside Community College. Leslie must repay the loan at the end of 8 months in one payment withinterest.
a.How much interest must Leslie pay?(Do not round intermediate calculation. Round your answer to the nearest cent.)
Interest$
b.What is the maturity value?(Do not round intermediate calculation. Round your answer to the nearest cent.)
Maturity value$
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