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Calculate the maturity value of a promissory note

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Reference no: EM133097171

Question - Calculate the maturity value of a promissory note having a face amount of $3,200, an interest rate of 14%, and a term of 140 days. Assume 360 days in a year.

a. $3,374

b. $3,548

c. $3,667

d. $4,031

Reference no: EM133097171

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