Question: Drill Problem 10-4 (Algo) [LU 10-1 (2)] Complete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round intermediate calculations.
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Drill Problem 10-4 (Algo) [LU 10-1 (2)] 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. x Answer is complete but not entirely correct. Date Date Exact Principal Interest Interest Maturity value rate borrowed repaid time $ 1,300 7% March 20 June 23 95 ~ $ 23.68 x $ 1,323.68 X
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