On May 17, Jane took out a loan for $33,000 at 6% to open her law practice office. The loan will mature the following year on January 16. Using the ordinary interest method, what is the maturity value due on January 16?
A)$34,342
B)$34,320
C)$34,323.62
D)$34,254
E)None of these

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The Answer of On May 17, Jane took out a loan for $33,000 at 6% to open her law practice office. The loan will mature the following year on January 16. Using the ordinary interest method, what is the maturity value due on January 16?
A)$34,342
B)$34,320
C)$34,323.62
D)$34,254
E)None of these

On May 17, Jane Took Out a Loan for $33,000