Solve the Problem

question 47

Multiple Choice

Solve the problem. Round dollar amounts to the nearest cent. Use 360 days.
-HarbourTown Marina purchased four boat lifts for raising and lowering large boats into the water. The boat lifts cost $61,300 each. They borrowed the money from the bank for 240 days at 10%. Find the maturity value.

• A) $65,386.67
• B) $261,546.67
• C) $67,430.00
• D) $269,720.00

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Definitions:

Offline Purchase Activity

Transactions for buying goods or services that happen outside the digital environment, often in physical stores or via traditional methods.

Machine Learning Systems

The ability of information systems to accurately perform new, unseen tasks, built on known properties learned from training or historical data that are labeled.

Biometric Data

Unique physical or behavioral characteristics of individuals that can be used for digital identification and access control.

Business Intelligence

The strategies and technologies used by enterprises for the data analysis of business information, providing historical, current, and predictive views of operations.