Solve the problem. Round to the nearest cent.Cal borrowed $8486 on December 15. The loan, at an interest rate of 8%, is for a term of 31 days. Find the date due and the future value for this loan.
A. January 16, $11,117.54
B. January 15, $8544.46
C. January 15, $8515.23
D. January 16, $11,117.19
Answer: B
Mathematics
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