Question: Select the best answer for the question 15. A $40,000 loan at 4% dated June 10 is due to be paid on October 11. Calculate

Select the best answer for the question 15. A $40,000 loan

Select the best answer for the question 15. A $40,000 loan at 4% dated June 10 is due to be paid on October 11. Calculate the amount of interest (assuming ordinary interest). A. $503.00 B. $2,500.00 C. $105.33 D. $546.67

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