A six-year note for $1750 issued on December 1, 2014, with interest at 6.5% compounded annually, is

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A six-year note for $1750 issued on December 1, 2014, with interest at 6.5% compounded annually, is discounted on March 1, 2017, at 7% compounded semi- annually. What are the proceeds of the note?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:48 AM

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A six-year note for $1750 issued on December 1, 2014, with interest at 6.5% compounded annually, is

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Due date 20201201 PV 175000 I Y 65 C Y1 i 65 0065 n 6 Maturity value 17...View the full answer

Contemporary Business Mathematics with Canadian Applications

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