On April 5, 2019, Janeen Camoct took out an 8.5% loan for $20,000. The loan is...

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On April 5, 2019, Janeen Camoct took out an 8.5% loan for $20,000. The loan is due March 9, 2020. Use ordinary interest to calculate the interest. What total amount will Janeen pay on March 9, 2020? (Ignore leap year.) Required: Note: Use cells A12 and A13 from the given information to complete this questic 1. What are the number of days between the two dates listed below? Note: Use the DATEDIF or DAYS function to calculate the number of days. 4/5/2019 3/9/2020 Number of days 2. What is your principal? O Note: Answer should be entered as a numeric value and not a formula. 9 O Principal 1 23. What is your rate? 3 4 Note: Answer should be entered as a numeric value and not a formula. 5 6 Rate T Note: Answer should be entered as a numeric value and not a formula. Principal 3. What is your rate? Note: Answer should be entered as a numeric value and not a formula. Rate 4. What is the time? 5. What total amount will Janeen pay on March 9, 2020? On April 5, 2019, Janeen Camoct took out an 8.5% loan for $20,000. The loan is due March 9, 2020. Use ordinary interest to calculate the interest. What total amount will Janeen pay on March 9, 2020? (Ignore leap year.) Required: Note: Use cells A12 and A13 from the given information to complete this questic 1. What are the number of days between the two dates listed below? Note: Use the DATEDIF or DAYS function to calculate the number of days. 4/5/2019 3/9/2020 Number of days 2. What is your principal? O Note: Answer should be entered as a numeric value and not a formula. 9 O Principal 1 23. What is your rate? 3 4 Note: Answer should be entered as a numeric value and not a formula. 5 6 Rate T Note: Answer should be entered as a numeric value and not a formula. Principal 3. What is your rate? Note: Answer should be entered as a numeric value and not a formula. Rate 4. What is the time? 5. What total amount will Janeen pay on March 9, 2020?

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Given that terms are of Ordinary Interest Therefore Simple Interest PrincipalRate of InterestTime Ja... View the full answer