8. Home Remodeling Company borrowed $125,000 from Dodge Bank & Trust to pay for materials and labor for a
new warehouse. Corner Bank lent the money at 2.0% above the prime rate of 5.25%. The loan is ordinary
interest for 90 days. What is the maturity value of the loan?
a. $122,734.37 b. $127,265.63
c. $129,699.42 d. $132,819.35
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