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What is the maturity value of the note for University Bank

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Problem 1: On July 7, University Bank lent $590,000 to Jazz Music Shop on a 60 day, 7% note. What is the maturity value of the note? (Use a 365-day year. Do not round intermediate calculations. and round the final answer to the nearest dollar.)

a. 596,789
b. 631,300
c. 590,00
d. 596,883

Reference no: EM132957889

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