On June 1, 2021, a four-month promissory note for $1850 with interest at 5% was issued. Compute

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On June 1, 2021, a four-month promissory note for $1850 with interest at 5% was issued. Compute the proceeds of the note on August 28, 2021, if money is worth 6.5%.

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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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Question Posted: Oct 27, 2020 07:06 AM

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On June 1, 2021, a four-month promissory note for $1850 with interest at 5% was issued. Compute

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First we determine the maturity value of the promissory note ...View the full answer

Contemporary Business Mathematics With Canadian Applications

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