How much interest must leslie pay

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Reference no: EM133000678

Problem - Pam Wedel borrowed $15,600 to pay for her child's education at Riverside Community College. Leslie must repay the loan at the end of 15 months in one payment with 2½% interest.

Required -

a. How much interest must Leslie pay?

b. What is the maturity value?

Reference no: EM133000678

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