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A three - month promissory note for $ 2 5 , 0 0 0 with interest at 7 % is issued on April 3 0

A three

-

month promissory note for $

25, 000

with interest at

7 %

is issued on April

30, 2023 .

Calculate the present value on May

20, 2023,

if money is worth

9 %

then

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