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On May 3 , 2 0 2 0 , Leven Corporation negotiated a short - term loan of $ 7 3 5 , 0 0

On May 3,2020, Leven Corporation negotiated a short-term loan of $735,000. The loan is due October 1,2020, and carries a 5.90% interest rate. Use ordinary interest to calculate the interest.
What is the total amount Leven would pay on the maturity date? (Use Days in a year table.)
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
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