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Re 2 On May 3, 2020, Leven Corp. negotiated a short-term loan of $675,000. The loan is due October 1, 2020, and carries a 5.50%

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Re 2 On May 3, 2020, Leven Corp. negotiated a short-term loan of $675,000. The loan is due October 1, 2020, and carries a 5.50% interest rate. Use ordinary interest to calculate the interest. 0.71 points What is the total amount Leven would pay on the maturity date? (Use Days in a year table) (Do not round Intermediate calculations. Round your answer to the nearest cent.) Answer is complete but not entirely correct. Maturity value $ 1,043,437.50

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