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On July 7, University Bank lent $580,000 to Jazz Music Shop on a 60 day,88% note. What is the maturity value of the note? (Use

On July 7, University Bank lent $580,000 to Jazz Music Shop on a 60 day,88% note. What is the maturity value of the note? (Use a 360day year and round answers to the nearest dollar.)

A.$580,000

B.$626,400

C.$587,733

D.$587,627

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