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On May 3, 2017, Leven Corp. negotiated a short-term loan of $900,000. The loan is due October 1, 2017, and carries a 7.00% interest rate.

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On May 3, 2017, Leven Corp. negotiated a short-term loan of $900,000. The loan is due October 1, 2017, and carries a 7.00% 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.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Maturity value

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