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On September 12, Jody Jansen went to Sunshine Bank to borrow $3,700 at 12% interest. Jody plans to repay the loan on January 27. Assume

On September 12, Jody Jansen went to Sunshine Bank to borrow $3,700 at 12% interest. Jody plans to repay the loan on January 27. Assume the loan is on ordinary interest. (UseDays in a year table)

a.What ordinary interest will Jody owe on January 27?(Do not round intermediate calculations.Round your answer to the nearest cent.)

Interest$

b.What is the total amount Jody must repay at maturity?(Do not round intermediate calculations. Round your answer to the nearest cent.)

Maturity value$

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