OnMay 29, 2020,

Ben bought a government-guaranteed short-term investment maturing on

.July 28, 2020.

How much did Ben pay for the investment if he will receive

$12,000

on

July 28, 2020,

and interest is 2.07 % ?Ben paid

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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