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On September 1 2 , 2 0 2 3 , Jody Jansen went to Sunshine Bank to borrow $ 2 , 3 0 0 at
On September Jody Jansen went to Sunshine Bank to borrow $ at interest. Jody plans to repay the loan on January Assume the loan is ordinary interest. What interest will Jody owe on January assuming ordinary interest? What interest will Jody owe assuming exact interest? How much interest is saved using exact interest?
tablePrincipalInterest Rate,Date Borrowed,Date Repaid,tableDays ordinaryinteresttableDays exactinterest$
Required:
Complete the following using the information above and ordinary interest:
Note: Use cells A to F from the given information to complete this question.
Time in days
Interest ordinary interest
Interest exact interest
Amount saved using exact interest
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