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On September 14, Jennifer Rick went to Park Bank to borrow $2,400 at 775% interest. Jennifer plans to repay the loan on January 27. Steven

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On September 14, Jennifer Rick went to Park Bank to borrow $2,400 at 775% interest. Jennifer plans to repay the loan on January 27. Steven Linden met Jennifer Rick at Park Bank and suggested she consider the loan on exact interest. Calculate the loan for Jennifer under this assumption. (Use Days in a year table.) (Round your answers to the nearest cent.) Loan payoff using exact interest method TABLE 7-1 Exact days n-year calendar (excluding leap year) Day of month 31 31 Jan. 31 Mar. 1 NN 310 essa 31 31 31 Day of month 31 Jan. 28 Feb. 30 Apr. 30 June 31 31 July 31 Aug. 30 Sept. Mar. May 30 Nov. Oct Dec 1 1 32 60 91 121 152 182 213 244 274 355 336 2 2 33 92 122 153 183 245 275 61 62 214 215 3 34 93 123 154 184 246 276 337 305 306 307 308 309 310 4 35 63 94 124 155 185 216 247 277 338 339 5 36 64 125 156 186 217 248 95 96 6 5 65 126 157 187 218 37 38 340 278 279 280 249 250 7 66 127 158 188 311 97 98 8 8 39 159 251 67 58 281 219 220 221 128 129 189 190 312 313 341 342 343 9 40 90 160 282 252 253 10 10 41 100 130 161 191 102 69 70 71 283 284 314 315 11 131 162 42 43 254 101 102 324 345 346 12 132 163 222 223 224 205 220 255 12 18 316 193 194 285 286 44 103 164 72 73 133 134 256 257 45 104 165 287 348 349 46 24 105 15 16 135 136 195 195 197 18 227 228 166 167 168 106 312 318 319 320 321 47 48 75 75 288 289 2:50 201 137 208 259 260 261 262 279 350 351 352 18 107 108 509 199 230 49 50 322 77 78 988 139 169 10 200 231 292 373

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