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    Exam 7: Applications of Simple Interest
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    Calculate the Maturity Value of a 120-Day, $1000 Face Value
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Calculate the Maturity Value of a 120-Day, $1000 Face Value

Question 11

Question 11

Short Answer

Calculate the maturity value of a 120-day, $1000 face value note dated November 30, 2011, and earning interest at 10.75%.

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