Find the present value for the loan on the indicated date. Assume the value of money is 12%. Round to the nearest cent.Amount: $26,949.23Rate (ordinary): 14.9%Length of loan: 124 daysLoan made: September 20Find present value on: November 30
A. $27,720.24
B. $27,257.84
C. $27,840.48
D. $27,649.78
Answer: C
Mathematics
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