Find the present value for the loan on the indicated date. Assume the value of money is 12%. Round to the nearest cent.Amount: $1306.16Rate (ordinary): 14.2%Length of loan: 355 daysLoan made: January 22Find present value on: March 16

A. $1352.87
B. $1463.18
C. $1429.14
D. $1460.39


Answer: A

Mathematics

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