12, which is due on August 16. (7 points) a) Find the number of days of the loan from May 12 until August 16. b) Using exact interest, find the interest amount (I=?). (Round to dollars) B) A dealer borrowed $ 25,000 on a 150 - days 4% simple interest note. He paid $ 10,000toward the note on day 30. On day 80 he paid an additional $ 10,000. Assume 360-daysyear, what is his ending balance due?(7 points) (C) A Merchandiser borrowed $ 100,000. The loan was for 18 months at a simple interest rate of4%. What is the interest and the maturity value?(6 points)
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