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    Contemporary Business Mathematics Study Set 1
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    Exam 8: Simple Interest Applications
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    A 4-Month, 7
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A 4-Month, 7

Question 45

Question 45

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A 4-month, 7.26% percent promissory note dated June 10, 2013 has a maturity value of $6231.34. What is the face value of the note?

Correct Answer:

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Legal due date is October 13, ...

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