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Question: 1 point jim lends s9000 to sally on september 23...

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(1 point) Jim lends S9000 to Sally on September 23, 2006. Sally signs a promissory note, with the note due in 10 months. The maturity value of the note is $9720. Jim sels the note to a bank on February 23, 2007. If the bank wishes to earn 4%, what price does Jim get for the note? Answer: S

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