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Question 12 Julius takes out a loan of $9,500, at 9.5% simple interest, for 4 months. What is the maturity value of the loan? (Round

Question 12Julius takes out a loan of $9,500, at 9.5% simple interest, for 4 months. What is the maturity value of the loan? (Round to the nearest cent)

a.$10,265.00

b.$9,883.00

c.$9,800.83

d.$10,191.25

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