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Lawrence signs a note promising to pay Justin $2700 at 8.5% compounded monthly in 3 years. However, 6 months before maturity, Justin sells the note

Lawrence signs a note promising to pay Justin $2700 at 8.5% compounded monthly in 3 years. However, 6 months before maturity, Justin sells the note to Angela who discounts the note based on 22% bank discount rate.

a) find the maturity value of the note

b)How much did Justin receive from the sale of the note to angela

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