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A 180 day Promissory Note with a maturity payment of $86,000 is sold after 37 days to Earth Bank, which uses a 7.92% per year
A 180 day Promissory Note with a maturity payment of $86,000 is sold after 37 days to Earth Bank, which uses a 7.92% per year simple interest rate. Calculate the price that Earth Bank paid for the Promissory Note. Give your answer in dollars and cents to the nearest cent.
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