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On April 5, 2019, Janeen Camoct took out an 11% loan for $34,000. The loan is due March 9, 2020. Janeen's terms are ordinary interest.
On April 5, 2019, Janeen Camoct took out an 11% loan for $34,000. The loan is due March 9, 2020. Janeen's terms are ordinary interest. Sabrina Bowers took out the same loan as Janeen. Sabrina's terms, however, are exact interest. (Ignore leap year.) (Use Days in a year table.) a. What is Sabrina's difference in interest? (Do not round intermediate calculations. Round your answer to the nearest cent.) Difference b. What will she pay on March 9, 2020? (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount Day of month 31 Jan. 31 Mar 31 May 30 June 31 July 31 Aug 20 Sept. 31 Oct. 30 Nov Dec 1 60 121 122 213 244 274 N 152 153 305 61 275 93 94 123 124 125 182 183 184 185 186 100 187 276 277 36 64 95 214 215 216 216 217 21/ 218 218 219 245 246 247 248 249 250 156 309 37 65 96 126 157 310 38 66 97 127 158 188 278 279 280 281 282 39 128 159 189 67 68 220 221 129 311 312 313 190 251 252 US CON 160 161 191 222 41 42 43 44 69 70 71 72 99 100 101 102 103 104 3 223 224 162 163 164 165 192 193 194 195 196 197 14 130 131 132 133 134 135 136 137 138 45 73 74 105 46 47 15 75 17 15 16 17 18 19 20 21 22 23 24 76 77 78 79 80 81 106 107 108 109 110 111 112 139 140 141 142 143 144 145 146 82 113 114 85 115 116 117 118 119 120 en refonted to os Julian cender
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