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On May 3,2020 , Leven Corporation negotiated a short-term loan of $885,000. The loan is due October 1,2020 , and carries a 6.90% interest rate.

image text in transcribedimage text in transcribed On May 3,2020 , Leven Corporation negotiated a short-term loan of $885,000. The loan is due October 1,2020 , and carries a 6.90% 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. Fxact dave-in-a-vear calendar (exrludino lean vear)*

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