Compute the proceeds of a five-month, $7000 promissory note dated September 6, 2018, with interest at 5.5%

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Compute the proceeds of a five-month, $7000 promissory note dated September 6, 2018, with interest at 5.5% if the note is paid on November 28, 2018, when money is worth 6.5%.

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

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

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Question Posted: Nov 29, 2017 06:46 AM

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Compute the proceeds of a five-month, $7000 promissory note dated September 6, 2018, with interest at 5.5%

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Contemporary Business Mathematics with Canadian Applications

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