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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 Leven Corporation negotiated a shortterm loan of $ The loan is due October and carries a interest rate. Use ordinary interest to calculate the interest.Word Problem AlgoLU
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.
Answer is complete but not entirely correct.
Maturity value, $ OR $ Both incorrect.
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