Janet took out a loan of $50,000 from Bank of America at 8% on March 19, 2015, which is due on July 8, 2016. Using exact interest, the amount of Janet's interest cost is:
A. $5,018.44
B. $5,216.44
C. $5,261.44
D. $2,561.44
E. None of these
Answer: E
Business
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