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1. Jimmy borrowed $23,000 from BB&T for 200 days at 8 % simple interest. Find the maturity value of the simple interest note. 2. At

1. Jimmy borrowed $23,000 from BB&T for 200 days at 8 % simple interest. Find the maturity value of the simple interest note. 2. At 120 days into the note, BB&T sold Jimmys note to Capital One Bank at 10%. How much did Capital One pay BB&T for the note? 3. How much interest did BB&T earn? 4. How much interest did Capital One earn? 5. Did Jimmys payments change during the process?

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