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$9,000 is borrowed for 140 days at a 5% interest rate. Calculate the maturity value by the exact method and by the ordinary method. (Round
$9,000 is borrowed for 140 days at a 5% interest rate. Calculate the maturity value by the exact method and by the ordinary method. (Round your answers to two decimal places.) exact method ordinary method $ Which method yields the greater maturity value? O exact method o ordinary method Who benefits from using the ordinary method rather than the exact method, the borrower or the lender? o the borrower o the lender
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