Find the present value for the loan on the indicated date. Assume the value of money is 12%. Round to the nearest cent.Amount: $10,214.60Rate (ordinary): 13.4%Length of loan: 166 daysLoan made: April 3Find present value on: May 11
A. $10,623.86
B. $10,401.93
C. $10,714.40
D. $10,699.66
Answer: B
Mathematics
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