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A 200 day Promissory Note with a maturity payment of $89,000 is sold after 56 days to Biti Bank, which uses a 9.53% per annum
A 200 day Promissory Note with a maturity payment of $89,000 is sold after 56 days to Biti Bank, which uses a 9.53% per annum simple interest rate. Calculate the price that Biti Bank paid for the Promissory Note. Give your answer in dollars and cents to the nearest cent.
P = $
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