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 31 28 31 30 31 30 31 31 30 31 30 31 Jan Feb June July Sept. Oct Dec 32 60 91 121 152 182 213 244 274 305 335 33 61 92 122 214 245 275 306 336 34 62 93 215 246 276 307 35 63 94 124 155 185 216 247 277 308 338 36 64 95 125 156 186 248 309 339 37 65 96 126 157 218 249 279 340 66 97 127 158 188 219 250 280 341 98 128 251 342 99 129 160 190 221 252 282 343 100 130 161 191 222 253 283 344 70 101 131 162 192 254 284 345 71 163 193 255 285 316 346 44 72 347 73 104 134 165 195 226 257 287 318 348 74 105 135 166 196 258 288 319 349 47 75 106 136 167 197 228 259 289 320 350 76 107 137 168 198 229 260 290 321 351 49 77 199 261 352 50 78 109 139 170 200 231 262 292 323 353 51 79 140 171 201 232 263 293 324 354 52 80 141 172 202 233 264 294 325 355 53 BI 142 173 203 234 265 295 326 356 54 82 266 296 357 55 83 144 175 205 236 267 297 328 358 56 84 145 176 206 237 268 298 329 359 57 85 1 16 146 177 207 238 269 299 330 360 27 58 86 178 208 270 300 331 361 28 28 59 209 271 362 29 88 180 210 241 272 333 363 30 30 89 120 181 242 273 303 364 31 90 151 212 243 304 365 "Often referred to as a Julian calendar