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Word Problem 16-21 [LU 16-1 (2)] On April 5, 2017, Janeen Camoct took out an 5.5% loan for $12,000. The loan is due March 9,

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Word Problem 16-21 [LU 16-1 (2)] On April 5, 2017, Janeen Camoct took out an 5.5% loan for $12,000. The loan is due March 9, 2018. Use ordinary Interest to calculate the Interest What total amount will Janeen pay on March 9, 2018? (Use Days In a year table.) (Do not round Intermediate calculations. Round your answer to the nearest cent.) Maturity value

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