On April 17, Michelle Lizaro borrowed $9,000 from her credit union at 9% for 80 days. The credit union uses the ordinary interest method.
(a)
What is the amount (in $) of interest on the loan?
$
117.53
Incorrect: Your answer is incorrect.
(b)
What is the maturity value (in $) of the loan?
$
9117.53
Incorrect: Your answer is incorrect.
(c)
What is the maturity date of the loan?
