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Posted on Aug 22, 2024

On April 5 , 2 0 2 2 , Janeen Camoct took out an 7 % loan for $ 1 8 , 0 0 0

On April $5, 2022,$ Janeen Camoct took out an $7 %$ loan for $ $18, 000 .$ The loan is due March $9, 2023 .$ Janeen's terms are ordinary interest. Sabrina Bowers took out the same loan as Janeen. Sabrinas terms, however, are exact interest. $($ Ignore leap year. $) ($ Use Days in a year table. $)$

What is Sabrinas difference in interest?

Note: Do not round intermediate calculations. Round your answer to the nearest cent.

What will Sabrina pay on March $9, 2023 ?$

Note: Do not round intermediate calculations. Round your answer to the nearest cent.

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