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Rex Corporation accepted a $ 5 , 0 0 0 , 8 % , 1 2 0 - day note dated August 8 from Regis

Rex Corporation accepted a $

5, 000, 8 %, 120 -

day note dated August

8

from Regis Company in settlement of a past bill. On October

11,

Rex discounted the note at Park Bank at

9 % . (

Use Days in a year table.

)

.

What is the note

s maturity value?

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