On May 3, 2020, Leven Corp. negotiated a short-term loan of $675,000. The loan is due October 1, 2020, and carries a 5.50% interest rate. Use ordinary interest to calculate the interest. 0.71 points What is the total amount Leven would pay on the maturity date?

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Number of days between May 3 and October 1 151 days Interest Amount of l... View the full answer