Question: Calculate the simple interest and maturity value. (Do not round intermediate calculations. Round your answers to the nearest cent.) Principal $6,300 Interest rate: 4% Time:

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

Principal $6,300

Interest rate: 4%

Time: 20 mo.

What is the simple interest? $_____

What is the maturity value? $_____

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