Multiple Choice
Julius takes out a loan of $9,500, at 9.5% simple interest, for 4 months. What is the maturity value of the loan? (Round to the nearest cent)
A) $10,191.25
B) $10,265.00
C) $9,883.00
D) $9,800.83
Correct Answer:
Verified
Correct Answer:
Verified
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