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15) On August 14, Fifth Avenue Bank lent $240,000 to Bill's Coffee Shop on a 75 day, 2% note. What is the maturity value of

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15) On August 14, Fifth Avenue Bank lent $240,000 to Bill's Coffee Shop on a 75 day, 2% note. What is the maturity value of the note? (Use a 360-day year and round answers to the nearest dollar.) A) $240,986 B) $241,000 C) $240,000 D) $244,800 16) Calculate the interest on a 90-day, 9% note for $50,000. (Use a 360-day year to compute interest. Round your answer to the nearest dollar.) A) $2,250 B) $1,125 C) $4,500 D) $375

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