Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up to the next highest year when necessary. Principal Rate (%) Time Interest $25,000 8.3 years $8,300 Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Principal Rate (%) Time (days) Interest Method Interest Maturity Value (in $) $3,400 % 161 Exact $220 $ What is the maturity date of a loan for $8,000 at 15% exact interest taken out on June 8? The amount of interest on the loan was $240. ---Select--- Steve Perry borrowed $50,000 at 12% ordinary interest for 60 days. On day 20 of the loan, Steve made a partial payment of $7,000. What is the new maturity value in $) of the loan? (Round your answer to two decimal places.) $ Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up to the next highest year when necessary. Principal Rate (%) Time Interest $25,000 8.3 years $8,300 Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Principal Rate (%) Time (days) Interest Method Interest Maturity Value (in $) $3,400 % 161 Exact $220 $ What is the maturity date of a loan for $8,000 at 15% exact interest taken out on June 8? The amount of interest on the loan was $240. ---Select--- Steve Perry borrowed $50,000 at 12% ordinary interest for 60 days. On day 20 of the loan, Steve made a partial payment of $7,000. What is the new maturity value in $) of the loan? (Round your answer to two decimal places.) $