Multiple Choice
A man takes out a discounted loan at a simple discount rate of d = 10.5%.If the amount he pays back in 9 months is $5712,how much money does he actually receive today?
A) $5112.24
B) $5262.18
C) $5295.02
D) $5332.00
Correct Answer:
Verified
Correct Answer:
Verified
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