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:

Essential Vitamins

Nutrients that the body cannot synthesize in sufficient quantities and must be obtained from the diet to maintain health.

Track Moving Objects

The ability to monitor and follow the position and trajectory of objects in motion, commonly used in surveillance, video games, and robotics.

Bright Lights

High-intensity illumination, which can be natural or artificial, and is often used to enhance visibility in a given area or setting.

Response

Response refers to a reaction or reply to a specific stimulus or situation.