Multiple Choice
On May 17, Jane took out a loan for $33,000 at 6% to open her law practice office. The loan will mature the following year on January 16. Using the ordinary interest method, what is the maturity value due on January 16?
A) $34,342
B) $34,320
C) $34,323.62
D) $34,254
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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