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July 30, 2015

Homework Help: interest math

Posted by lynda on Thursday, November 14, 2013 at 9:18pm.

On April 12, Michelle borrowed $5,000 from her credit union at 9% for 80 days. The credit union
uses the ordinary interest method.
a. What is the amount of interest on the loan? $90
b. What is the maturity value of the loan?$5090
c. What is the maturity date of the loan?july 1

I got them all wrong...the answers i got are above

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