Harold Hill borrowed $19,200 to pay for his child's education at Riverside Community College. Harold must repay the loan at the end of 15 months in one payment with 5.5% interest. How much interest must Harold pay? What is the maturity value?  Amount borrowed: $19,200 interest rate: 5.50% Term of note: 15 months Months per year : 12 months 1. How much interest must Harold pay?  2. what is the maturity value?

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