The loan for Gail under this assumption will be $14888.90.
It should be noted that the maturity value is the addition of the simple interest and the principal. The time based on the complete information will be:
= (239 + 70)/365
= 0.075
The interest will be:
= 14000 × 0.075 × 309/365
= $888.90
Therefore, the maturity value will be:
= $14000 + $888.90
= $14888.90
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