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Given the following information concerning a promissory note: principal: $5,100 Interest Rate: 11% Interest: $140.25 Determine the term of the note. Note: To simplify the
Given the following information concerning a promissory note:
principal: $5,100
Interest Rate: 11%
Interest: $140.25
Determine the term of the note.
Note: To simplify the arithmetic in the problem, use 360 days for the number of days in a year.
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