Posted by Anonymous on .
Janet took out a loan of $50,000 from Bank of America at 8 percent on March 19, 2006 which is due on July 8, 2006. Using exact interest, the amount of Janet's interest cost is

math 
Reiny,
Count the number of days.
interest = 50000(.08)(number of days/365) 
math 
Sylvia,
Janet took out a loan of $50,000 from Bank of America at 8 percent on March 19, 2006 which is due on July 8, 2006. Using exact interest, the amount of Janet's interest cost is: $5,018.44
$2,561.44
$5,261.44
$5,216.44
None of these 
math 
Anonymous,
5216.44