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On September 1 2 , Jody Jansen went to Sunshine Bank to borrow $ 4 , 4 0 0 at 1 0 % interest. Jody

On September 12, Jody Jansen went to Sunshine Bank to borrow $4,400 at 10% interest. Jody plans to repay the loan on January 27. Assume the loan is on ordinary interest. (Use Days in a year table).
Required:
a. What interest will Jody owe on January 27?
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
b. What is the total amount Jody must repay at maturity?
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
a. Interest
b. Maturity value
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