On April 3 the Mears Flag Company borrowed 14 000 to pay for start up costs for its new Showroom The loan ha a simple interest rate of 8 75 and was for 290 days The company was able to make partial payments of 5000 o May 28 and 2500 on October 12 How much will the company owe on the date of maturity Assume 360 days in a year Click the icon to view a table of the number of the day of the year for each date The company will owe on the date of maturity Round to the nearest cent as needed