Question: Word Problem 10-16 (Algo) [LU 10-1 (2)] On September 12, Jody Jansen went to Sunshine Bank to borrow $3,500 at 10% interest. Jody plans to

Word Problem 10-16 (Algo) [LU 10-1 (2)] On September 12, Jody Jansen went to Sunshine Bank to borrow $3,500 at 10% 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? (Do not round intermediate calculations. Round your answer to the nearest cent.) b. What is the total amount Jody must repay at maturity? (Do not round intermediate calculations. Round your answer to the nearest cent.)

Return to question m. Word Problem 10-16 (Algo) [LU 10-1 (2)] 1.1 points On September 12, Jody Jansen went to Sunshine Bank to borrow $3,500 at 10% 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? (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete but not entirely correct. Interest $ 49.99 b. What is the total amount Jody must repay at maturity? (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete but not entirely correct. Maturity value $ 3,549.99

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