Question: Drill Problem 10-7 [LU 10-1 (2)] Complete the following, using exact interest. (Use Days in a year table.) (Do not round intermediate calculations. Round the

Drill Problem 10-7 [LU 10-1 (2)] Complete the following, using exact interest. (Use Days in a year table.) (Do not round intermediate calculations.

Drill Problem 10-7 [LU 10-1 (2)] Complete the following, using exact 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 $2,300 Interest rate 7% Date borrowed May 19 Date repaid Aug. 21 94 TABLE 7.1 Exact days-in-a-year calendar (excluding leap year)* 30 Day of month Nov. 31 Dec. 31 Jan I 2 3 28 Feb 32 33 34 31 30 Mar Apr 60 91 61 92 62 93 - 94 95 31 May 121 122 123 124 125 30 June 152 153 154 155 156 31 July 182 183 184 185 186 31 Aug. 213 214 215 216 30 Sept. 244 245 246 31 Oct. 274 275 276 - 35 279 251 252 253 281 282 283 284 285 70 71 101 102 131 132 254 255 316 45 T 104 134 257 258 287 288 319 289 76 77 107 108 137 138 80 1 294 325 267 297 328 239 270 83 84 85 86 87 B8 89 90 114 115 116 117 118 119 120 - 144 145 146 147 148 149 1 50 151 177 178 179 180 1 81 - 208 209 210 211 212 331 332 333 334 241 242 243 300 301 302 303 304 272 273 - 364 31 *Often referred to as a Julian calendar

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