Solve the Problem

Multiple Choice

Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise indicated.
-HarbourTown Marina purchased four boat lifts for raising and lowering large boats into the water. The boat lifts cost $59,700 each. They borrowed the money from the bank for 240 days at 8%. Find
The maturity value.

A) $251,536.00
B) $64,476.00
C) $257,904.00
D) $62,884.00