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On July 12, 2013 a 140-day note promissory note for $9 175 with interest at 5.75% was issued. Find the proceeds of the note on

  1. On July 12, 2013 a 140-day note promissory note for $9 175 with interest at 5.75% was issued. Find the proceeds of the note on September 30, 2013 if money is worth 7%.
  2. Rebecca took a demand loan of $4000 for university supplies on September 1st at a rate of 5% annually. She repaid $1500 on October 1st. What is the outstanding balance on November 1st?Answer to the nearest cent.

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