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On September 12, Jody Jansen went to Sunshine Bank to borrow $3,200 at 7% interest....

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Finance

On September 12, Jody Jansen went to Sunshine Bank to borrow $3,200 at 7% 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.)

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