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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 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?

$34,342

$34,320

$34,323.62

$34,254

None of these

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