Word Problem $11-22($Static$)[$LU $11-2(1)]$

President Joe Biden signed the $$1\mathrm{.}9$ trillion stimulus into law. Eligible individuals would receive $$1,400$ plus a $$1,400$ bonus for each

dependent. Sammy Bailey needed funds prior to mid$-$March when the stimulus checks were to be funded and decided to look into

discounting his $12-$month $$3,500$@$5\mathrm{.}75\%$ simple discount note to his bank for an $8\mathrm{.}5\%$ discount. What was the maturity value for

Sammy's note?

Maturity value