Question: Drill Problem 10-6 [LU 10-1 (2)] Complete the following, using ordinary interest. (Use Days in a year table.) (Do not round intermediate calculations. Round the

Drill Problem 10-6 [LU 10-1 (2)] Complete the following, using ordinary interest. (Use Days in a year table.) (Do not round intermediate calculations.

Drill Problem 10-6 [LU 10-1 (2)] Complete the following, using ordinary interest. (Use Days in a year table.) (Do not round intermediate calculations. Round the "Interest" and "Maturity value to the nearest cent.) Exact time Interest Maturity value Principal $1,338 Interest rate 10% Date borrowed May 16 Date repaid Jan. 11 TABLE 7.1 Exact days-in-a-year calendar (excluding leap year)* 30 Day of month 31 31 Jan 31 Oct. NOV Dec 28 Feb 32 33 34 31 Mar 60 61 62 30 Apr 91 92 93 31 May 121 122 123 30 June 152 153 154 31 July 182 183 184 185 31 Aug. 213 214 215 216 30 Sept. 244 245 246 2 3 . 127 158 188 219 281 160 129 130 131 132 282 283 284 101 162 163 285 140 171 143 174 116 58 145 146 147 148 149 150 151 176 177 178 179 180 180 - 207 208 209 210 211 212 239 240 241 242 243 89 120 - 273 - 302 303 304 *Often referred to as a Julian calendar

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