Question: Calculate the simple interest and maturity value. (Do not round intermediate calculations. Round your answers to the nearest cent.) Principal $18,400 Interest rate 6.75% Time-15

Calculate the simple interest and maturity value. (Do not round intermediate calculations. Round your answers to the nearest cent.)

Principal $18,400

Interest rate 6.75%

Time-15 months

Simple interest _____

Maturity value _____

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