Question: 9. First City back accepted a $3,500, 5% 120-day note dated August 8 from Capstone Company in settlement of a past bill. On October
9. First City back accepted a $3,500, 5% 120-day note dated August 8 from Capstone Company in settlement of a past bill. On October 11, First City discounted the note at Park Bank at 6%. What is the note's maturity value? (Use 360 days a year)
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