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Mark Purse would like to borrow $7,000 for 90 days.First Credit charges an interest rate of 16% at ordinary interest.Best Bank also charges an interest

Mark Purse would like to borrow $7,000 for 90 days.First Credit charges an interest rate of 16% at ordinary interest.Best Bank also charges an interest rate of 16% but at exact interest.What would be the maturity value at Best Bank?

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