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Use the exact interest method (365 days) and the ordinary interest method (360 days) to compare the amount (in $) of interest for the loan.

Use the exact interest method (365 days) and the ordinary interest method (360 days) to compare the amount (in $) of interest for the loan. (Round your answers to two decimal places.)

a.

Principal Rate (%) Time (days) Exact Interest Ordinary Interest
$185,500 5.75 54 $ $

b.

Principal Rate (%) Time (days) Exact Interest Ordinary Interest
$7,290 7 17 $ $

c.

Principal Rate (%) Time (days) Exact Interest Ordinary Interest
$10,000 10 1 $ $

d.

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