I need help figuring out which table to use in this question. Either: compound value, present value, amount of annuity, present value of annuity, or sinking fund. With the answer being $303.65.   On February 11, Peg Carry borrowed $25,000 at 2.65% interest. Interest and principal are due on July 26. What is the interest cost? Use an ordinary method (360 days).

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A: Calculate the future value as follows:MS-Excel --> Formulas --> Financials --> FV

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A: Using excel

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A: Therefore, the future value is $302.

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A: Excel Spreadsheet:

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