Find the simple interest and the future value of the simple interest loan. Round to the nearest cent.Loan amount of $58,645 borrowed at an annual percentage rate of 3.37% for 190 days (Use 365 days in a year when computing the solution.)

A. $1028.78; $59,673.78
B. $1976.34; $60,621.34
C. $10,287.78; $68,932.78
D. $37,550.39; $96,196.39


Answer: A

Mathematics

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Use the actuarial method to find the amount of unearned interest for the loan paid in full before the due date.Regular Monthly Payment: $650.78APR: 6.5%Remaining Payments After Payoff: 18

A. $774.85 B. $432.10 C. $581.14 D. $402.68

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