Find the present value for the loan on the indicated date. Assume the value of money is 12%. Round to the nearest cent.Amount: $874.46Rate (ordinary): 8.0%Length of loan: 141 daysLoan made: May 1Find present value on: June 25
A. $885.03
B. $904.10
C. $876.73
D. $886.79
Answer: C
Mathematics
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