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A 95-day note is issued on July 30. The note has a value of $400,000 and an interest rate of 5%. Compute the following: A)
A 95-day note is issued on July 30. The note has a value of $400,000 and an interest rate of 5%. Compute the following: A) Date on which the note will mature B) Interest the note will earn over the term of the note C) Maturity value of the
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