A $40 000, 15-year promissory note dated June 1, 2014, bearing interest at 12% compounded semi-annually is

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A $40 000, 15-year promissory note dated June 1, 2014, bearing interest at 12% compounded semi-annually is discounted on September 1, 2022, at 11% compounded quarterly. What are the proceeds of the note?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

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

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