Find the present value of the loan on the day it was made. Round to the nearest cent. Principal: $2240.77 Rate (ordinary): 14.1% Length of loan: 211 days Value of money: 14.3% A) $2238.35 B) $2233.57 C)$2235.96 D) $2238.31 Find the present value for the loan on the indicated date. Assume the value of money is 12%. Round to the nearest cent. Amount: $280.01 Rate (ordinary): 9.0% Length of loan: 78 days Loan made: May 17 Find present value on: June 15 A) $282.92 B) $282.62 C) $280.88 D) $285.15 Solve for the missing values. Round money to the nearest cent, rate to the nearest tenth of a percent, and time to the nearest day. Principal: $16, 616 Interest: $1770.39 Rate: ____? Time: 317 days Maturity value: ____? A) 13.1%; $18, 411.32 B) 24.2%; $18, 417.22 C) 12.1%; $18, 386.39 D) 12.1%; $18, 307.05