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On September 4, Nita Darmati signed a $5,350 promissory note to purchase furniture for her home office. The note had a simple interest rate of
On September 4, Nita Darmati signed a $5,350 promissory note to purchase furniture for her home office. The note had a simple interest rate of 8.5% for 120 days. What was the maturity value of the note? Round to the nearest cent. Assume ordinary interest.
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