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Carla received a promissory note dated 12th February 2012 with a simple interest rate of 7.5%. The note will mature on 11th June 2012. After
Carla received a promissory note dated 12th February 2012 with a simple interest rate of 7.5%. The note will mature on 11th June 2012. After she kept the note for 75 days, she sold the note to a bank at a discount rate of 6.4% and received proceeds of $6,914.24. find a) the term of the note b) the maturity value c) the face value d) the amount of interest received by Carla
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