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1. A building contractor gives a $15,500 promissory note to a plumber who has loaned him $15.500. The note is due in nine months with
1. A building contractor gives a $15,500 promissory note to a plumber who has loaned him $15.500. The note is due in nine months with interest at 9.5%. Three months after the note is signed, the plumber sells it to a bank. If the bank gets a 109 return on its investment, how much will the plumber receive? Will it be enough to pay a bill for $15,850
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