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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

image text in transcribed 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 Day in a Year table.

a) what interest will Jody owe on January 27? (round to nearest cent)

b) what is the total amount Jody must repay at maturity value? (round to nearest cent)

Exact days-in-a-year calendar (excluding leap year)

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