Question: clear handwriting with step by step solution. On January 12, a 3-month note with interest at 12% was made. The face value of the note

clear handwriting with step by step solution. On January 12, a

clear handwriting with step by step solution.

On January 12, a 3-month note with interest at 12% was made. The face value of the note was $11,000. What was the present value of the note on the day it was made if money is worth 11%

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