15) Tom loaned Jerry money to pay for parking sticker at school. Since they were both business students , they agreed to add 8% interest. After 6 months Jerry repaid $26.00 to cover the entire debt. How much did the parking sticker cost originally?

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An $900.00 note that bears interest at 9% matures (is due) in 200 days. What is the present value of the note after three- quarters of the term if market interest rate is 10%?