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1. A 4-month note dated Feb 12 is made at 11% for $6,000. If the money is worth 12%, find the present value of the

1. A 4-month note dated Feb 12 is made at 11% for $6,000. If the money is worth 12%, find the present value of the note on the day it is made. Round your answer to 2 decimal places.

2. The maturity value was $4,062 on a 9% note dated July 15. If the note was due on Sept 15, what had the face value be?

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