Janet took out a loan of $50,000 from Bank of America at 8% on March 19, 2015, which is due on July 8, 2016. Using exact interest, the amount of Janet's interest cost is:
A)$5,018.44
B)$2,561.44
C)$5,261.44
D)$5,216.44
E)None of these

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The Answer of Janet took out a loan of $50,000 from Bank of America at 8% on March 19, 2015, which is due on July 8, 2016. Using exact interest, the amount of Janet's interest cost is:
A)$5,018.44
B)$2,561.44
C)$5,261.44
D)$5,216.44
E)None of these

Janet Took Out a Loan of $50,000 from Bank of America