Posted by **Anonymous** on Wednesday, March 20, 2013 at 2:05am.

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: (Points : 1)

$5,018.44

$2,561.44

$5,261.44

$5,216.44

None of these

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