Solve the problem. Round to the nearest cent.Fred borrowed $223,850 on March 7. The loan is at an interest rate of 18.2% for a term of 18 days. Find the date due and the future value for this loan.

A. March 25, $231,684.75
B. March 25, $225,887.04
C. March 23, $233,475.55
D. March 23, $225,685.57


Answer: B

Mathematics

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