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. $62,884.00
D. $257,904.00


Answer: A

Mathematics

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