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On September 12, Jody Jensen went to Sunshine bank to borrow $3000 at 5% interest. JUDY plans to repay the loan on January 27. assume
On September 12, Jody Jensen went to Sunshine bank to borrow $3000 at 5% interest. JUDY plans to repay the loan on January 27. assume the loan is on ordinary interest.
a. what interest will Jody owe on January 27?
b. what is the total amount Jodie must repay at maturity?
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