Question: point(s) possible This question: 1 point(s) possible Submit test V period. The maturity value of a seven-month promissory note issued July 31, 2017, is $3275.

point(s) possible This question: 1 point(s) possible Submit test V period.

point(s) possible This question: 1 point(s) possible Submit test V period. The maturity value of a seven-month promissory note issued July 31, 2017, is $3275. What is the present value of the note of the date of issue if interest is 7.75%? Ignore any grace The present value is $ (Round to the nearest cent as needed.)

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