An investor is prepared to buy short-term promissory notes at a price that will provide him with

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An investor is prepared to buy short-term promissory notes at a price that will provide him with a return on investment of 12%. What amount would he pay on August 9 for a 120-day note dated July 18 for $4100 with interest at 10.25%?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:17 AM

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An investor is prepared to buy short-term promissory notes at a price that will provide him with

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Business Mathematics In Canada

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