Word Problem $10-18($Algo$)[$LU $10-1(2)]$

On May $3,2020,$ Leven Corporation negotiated a short$-$term loan of

$$900,000.$ The loan is due October $1,2020,$ and carries a $7\mathrm{.}00\%$ interest

rate. Use ordinary interest to calculate the interest.

What is the total amount Leven would pay on the maturity date? $($Use Days

in a year table.$)$

Note: Do not round intermediate calculations. Round your answer to the

nearest cent.

Maturity value