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A building contractor gives a $15,500 promissory note to a plumber who has loaned him $15,500. The note is due in months with interest at

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A building contractor gives a $15,500 promissory note to a plumber who has loaned him $15,500. The note is due in months with interest at 9%. Three months after the note is signed, the plumber sells it to a bank. If the bank gets a 11% return on its investment, how much will the plumber receive? Will it be enough to pay a bill for $15,687 ? How much will the plumber receive? (Round to the nearest cent as needed.) Will it be enough to pay a bill for $15,687 ? A. No B. Yes

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