Question: Complete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the Interest and Maturity value to

Complete the following, using ordinary interest. (Use Days in a year table.)

Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent.

Principal

$1,600

Interest rate

5%

Date borrowed

March 18

Date repaid

June 20

Exact time?

Interest?

Maturity value?

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