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Drill Problem 1 1 - 6 ( Algo ) [ LU 1 1 - 2 ( 1 , 2 ) ] Solve for maturity value,

Drill Problem

11 - 6 (

Algo

) [

11 - 2 (1, 2)]

Solve for maturity value, discount period, bank discount, and proceeds. Assume a bank discount rate of

7 % .

Use the ordinary interest method.

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