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8. Mike Fagan needs $25,000 to expand his flower shop. Find the face value of a simple discount note that will provide the $25,000 in

8. Mike Fagan needs $25,000 to expand his flower shop. Find the face value of a simple discount note that will provide the $25,000 in proceeds if he plans to repay the note in 240 days and the bank charges a 9% discount rate.

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