Question: On September 12, Jody Jansen went to Sunshine Bank to borrow $2,100 at 6% interest. Jody plans to repay the loan on January 27. Assume

On September 12, Jody Jansen went to Sunshine Bank to borrow $2,100 at 6% interest. Jody plans to repay the loan on January 27. Assume the loan is on ordinary interest. (Use Days in a year table)

a.

What ordinary interest will Jody owe on January 27? (Do not round intermediate calculations. Round your answers to the nearest cent.

Days in year 1:

Days in year 2"

Total days:

Calculate I= Principal x Rate x Time = Interest

b.

What is the total amount Jody must pay at maturity?

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