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On April 5, 2014, Janeen Camoct took out an 6% loan for $14,000. The loan is due March 9, 2015. Use ordinary interest to calculate
On April 5, 2014, Janeen Camoct took out an 6% loan for $14,000. The loan is due March 9, 2015. Use ordinary interest to calculate the interest. What total amount will Janeen pay on March 9, 2015? (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Maturity value TABLE 7.1 Exact days-in-a-year calendar (excluding leap year)* Day of month 31 Jan 28 Feb 30 Mar 30 Apr 30 May 121 122 30 June 152 153 91 32 60 23361 30 30 July Aug. 182 213 183214 184 215 185 216 186 217 30 Sept. 244 245 246 31 Oct. 274 275 276 154 4 35 155 5 156 157 129 160 190 282 130 161 191 192 283 284 131 162 193 133 135 137 110 11 139 140 1 41 172 112 143 144 115 145 146 207 116 117 178 208 118 209 119 147 148 149 150 151 120 - 180 181 - 210 211 212 242 243 90 304
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