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Leslie Hart borrowed $16,500 to pay for her childs education at Riverside Community College. Leslie must repay the loan at the end of 11 months
Leslie Hart borrowed $16,500 to pay for her childs education at Riverside Community College. Leslie must repay the loan at the end of 11 months in one payment with 6.2% interest. (Do not round intermediate calculations. Round your answers to the nearest cent.) a. How much interest must Leslie pay? b. What is the maturity value?
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