What is the total amount jennifer must repay at maturity

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Reference no: EM13846722

On September 14, Jennifer Rick went to Park Bank to borrow $2,500 at formula9.mml interest. Jennifer plans to repay the loan on January 27. Assume the loan is on ordinary interest.

a. What interest will Jennifer owe on January 27? (Do not round intermediate calculations. Round your answer to the nearest cent.)

Interest $

b. What is the total amount Jennifer must repay at maturity? (Do not round intermediate calculations. Round your answer to the nearest cent)

Total amount ?

Reference no: EM13846722

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