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On April 5, 2022, Janeen Camoct took out an 9.75% loan for $29,000. The loan is due March 9, 2023. Janeen's terms are ordinary interest.
On April 5, 2022, Janeen Camoct took out an 9.75\% loan for $29,000. The loan is due March 9, 2023. 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? Note: Do not round intermediate calculations. Round your answer to the nearest cent. b. 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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