Multiple Choice
Solve the problem. Round dollar amounts to the nearest cent. Use ordinary interest unless otherwise indicated.
-Frank borrowed $85,633 from the bank at 9.4% for 170 days to expand his bike shop. Find the maturity value.
A) $89,487.69
B) $89,434.15
C) $89,161.55
D) $89,602.62
Correct Answer:
Verified
Correct Answer:
Verified
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