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Find the maturity value of each of the following notes payable: Required: A 60-day note, dated February 15, 20X1, with a face value of $52,000,
Find the maturity value of each of the following notes payable:
Required:
A 60-day note, dated February 15, 20X1, with a face value of $52,000, bearing interest at 8 percent. (Use 360 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)
A six-month note, dated March 10, 20X1, with a face value of $21,600, bearing interest at 11 percent. (Do not round intermediate calculations.)
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