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The maturity value of a seven-month promissory note issued July 31, 2017, is $3275. What...

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The maturity value of a seven-month promissory note issued July 31, 2017, is $3275. What is the present value of the noto of the date of issue if interest is 7.75%? Ignore any grace period. The present value is $ (Round to the nearest cont as needed.)

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