Question: A note dated June 1, 1995, calls for the payment of $85,000 in 6 years. On March 15, 1998, the note is sold at a

A note dated June 1, 1995, calls for the payment of $85,000 in 6 years. On March 15, 1998, the note is sold at a price that will yield the buyer 12%. How much is paid for the note?

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