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Morris Davis borrowed 2340 from the NationalBank on May 12 and repaid the loan on November 12. The bank charged 9 1/2% simple interest calculated

Morris Davis borrowed 2340 from the NationalBank on May 12 and repaid the loan on November 12. The bank charged 9 1/2% simple interest calculated by the exact interest method. What was the maturity value of the loan? Round to the nearest cent

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