On May 3 2020 Leven Corporation negotiated a short term loan

Last updated: 3/26/2024

On May 3 2020 Leven Corporation negotiated a short term loan of 630 000 The loan is due October 1 2020 and carries a 5 20 interest rate Use ordinary interest to calculate the interest What is the total amount Leven would pay on the maturity date Use Days in a year table Note Do not round intermediate calculations Round your answer to the nearest cent Maturity value