Find the maturity value mv for the loan

Reference no: EM13200141

To buy a laptop, Susan receives a $2000 loan at a 6.5% annual interest rate on January 10. The loan is due May 15. The year is not a leap year. Round the answers to the nearest cent (nearest hundredths)

a) Find the ordinary interest that Susan will pay for the loan.
Answer:

b) Find the maturity value, MV for the loan.
Answer:

Reference no: EM13200141

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