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Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 from a customer on account. Assume 360 days in a year. Question

Prefix Supply Company received a 120-day, 8% note for $450,000, dated April 9 from a customer on account. Assume 360 days in a year.

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a. Determine the due date of the note.

August 7

b. Determine the maturity value of the note.

I need assistance with the maturity value.

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