On.September 12, Jody Jansen went to Sunshine Bank to borrow $2,700 at 10% interest. Jody...
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Accounting
On.September 12, Jody Jansen went to Sunshine Bank to borrow $2,700 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 ? Note: Do not round intermediate calculations. Round your answer to the nearest cent. b. What is the total amount Jody must repay at maturity? Note: Do not round intermediate calculations. Round your answer to the nearest cent
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