Question: Word Problem 10-18 (Algo) [LU 10-1 (2)] On May 3, 2020, Leven Corp. negotiated a short-term loan of $675,000. The loan is due October 1,

Word Problem 10-18 (Algo) [LU 10-1 (2)] On May 3, 2020, Leven Corp. negotiated a short-term loan of $675,000. The loan is due October 1, 2020, and carries a 5.50% 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.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

Check my work O Word Problem 10-18 (Algo) [LU 10-1 (2)] 1.1 points On May 3, 2020, Leven Corp. negotiated a short-term loan of $675,000. The loan is due October 1, 2020, and carries a 5.50% 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.) (Do not round intermediate calculations. Round your answer to the nearest cent.) eBook Maturity value $ 690,221.00 Hint References

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