Question: Word Problem 1 0 - 1 6 ( Algo ) [ LU 1 0 - 1 ( 2 ) ] On September 1 2 ,

Word Problem 10-16(Algo)[LU 10-1(2)] On September 12, Jody Jansen went to Sunshine Bank to borrow \$4,000 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 interest will Jody owe on January 27? Note: Do not round intermediate calculations. Round your answer to the nearest cent. Answer is complete but not entirely correct. b. What is the total amount Jody must repay at maturity? Note: Do not round intermediate calculations. Round your answer to the nearest cent. Answer is complete but not entirely correct. \[\begin{array}{|l|l|}\hline \text { Maturity value } & \$ 4,090.68\\\hline \end{array}\]

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