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Chuck Widle Borrowed $2,340 from the National Bank on May 912%9 \frac { 1 } { 2 } \%

Question 83

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Chuck Widle borrowed $2,340 from the National Bank on May 12 and repaid the loan on November 12. The bank charged 912%9 \frac { 1 } { 2 } \% simple interest, calculated by the exact interest method. What was the maturity value of the loan? (Round to the nearest cent)

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