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(1 point) Jim lends $7500 to Sally on September 23, 2006. Sally signs a promissory note, with the note due in 10 months. The maturity

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(1 point) Jim lends $7500 to Sally on September 23, 2006. Sally signs a promissory note, with the note due in 10 months. The maturity value of the note $8270. Jim selis the note to a bank on February 23, 2007. If the bank wishes to earn 3.5%, what price does Jim get for the note? Answer: $ 8151.1294

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