Calculate the simple interest amount and the future value using the simple interest formula 365 day year Principal Simple Interest Amount Interest Rate Time Future Value $18,000 21,000 $18,000 $1,000 $ 585 $1,200 4.5% 5% 2 % 8% 9% 12% 18 months 1.75 Years 9 months 93 da 193 da 187 da Leslie Hart borrowed $15,000 to pay for her child's education. Leslie must repay the loan at the end of 9 months in one payment with 5 What is the Future Value of this loan? 1. % interest. How much interest must Leslie pa On September 12, Jody Jansen went to Sunshine Bank to borrow $2300 at 9% interest. Jody plans to repay the loan in 137 days. How much interest will Jody owe and what is the future value of this loan? 2. Gordon Rosel went to his bank to find out how long it will take for $1200 to increase in value to $1650 at 8% simple interest. Please round your answer to the nearest tenth 3. Anne Hopkins borrowed $ 60,000. She must repay the loan at the end of 8 years in one payment with 5 % interest. what will the amount of her payment be? How much of that payment is for interest? 4