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On April 18, Michelle Lizaro borrowed $4,000 from her credit union at 9% for 79 days. The credit union uses the ordinary interest method. Use
On April 18, Michelle Lizaro borrowed $4,000 from her credit union at 9% for 79 days. The credit union uses the ordinary interest method. Use rounded answer in the subsequent requirements. a. What is the amount of interest on the loan? Round your answer to the nearest cent. $ b. What is the maturity value of the loan? Round your answer to the nearest cent. $ c. What is the maturity date of the loan?
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