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A building contractor gives a 1 5 , 5 0 0 promissionary note to a plumber who has loaned him $ 1 5 , 5

A building contractor gives a 15,500 promissionary note to a plumber who has loaned him $15,500. The note is due in 9 months with interest at 9%. Six months after the note is signed , the plumber sells it to a bank. If the bank gets 11% return on investment , how much will the plumber receive

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