Word Problem 10-18 [LU 10-1 (2)] On May 3, 2014, Leven Corp. negotiated a short-term loan of $945,000. The loan is due October 1, 2014, and carries a 7.30% 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.) Maturity value $ TABLE 7.1 Exact days-in-a-year calendar (excluding leap year)* Day of month 31 30 Oct. 31 Dec. 31 Jan I 2 3 4 335 28 Feb 32 33 34 35 31 30 Mar Apr 60 91 61 92 62 93 63 94 95 30 Sept. 244 245 246 2 3 4 31 Aug. 213 214 215 216 217 218 219 274 275 276 31 May 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 31 July 182 183 184 185 186 187 188 189 97 30 June 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 282 100 192 315 316 285 139170 140 171 - - 85 142 143 144 145 146 147 148 149 150 151 173 174 175 176 177 178 179 180 181 - 116 117 118 119 120 - 59 87 88 89 90 207 208 209 210 211 212 238 239 240 241 242 243 272 273 - 302 303 304 31 - *Often referred to as a Julian calendar