A man takes out a discounted loan at a simple discount rate of d = 10.5%.If the amount he pays back in 9 months is $5712,how much money does he actually receive today?
A)$5112.24
B)$5262.18
C)$5295.02
D)$5332.00

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The Answer of A man takes out a discounted loan at a simple discount rate of d = 10.5%.If the amount he pays back in 9 months is $5712,how much money does he actually receive today?
A)$5112.24
B)$5262.18
C)$5295.02
D)$5332.00

A Man Takes Out a Discounted Loan at a Simple