Find the present value of the loan on the day it was made. Round to the nearest cent.Principal: $29,290.04Rate (ordinary): 9.0%Length of loan: 102 daysValue of money: 13.5%

A. $28,925.47
B. $28,905.50
C. $28,930.35
D. $29,260.08


Answer: C

Mathematics

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