The bank discount for a 118-day 8% simple discount note was $750. Calculate the face value of the note to the nearest cent.
Fill in the blank(s) with the appropriate word(s).
$28,601.69
$28601.69
M = B ÷ (DT)
M = 750 ÷ (.08 × 118/360) = 28,601.69
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