A $2800 promissory note issued without interest for five years on September 30, 2015, is discounted on

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A $2800 promissory note issued without interest for five years on September 30, 2015, is discounted on July 31, 2018, at 8% compounded quarterly. Find the compound discount.

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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: Sep 21, 2024 05:19 AM

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A $2800 promissory note issued without interest for five years on September 30, 2015, is discounted on July 31, 2018, at 8% compounded quarterly. Find the compound discount.
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A $2800 promissory note issued without interest for five years on September 30, 2015, is discounted on

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Duedate 20200930 Discountperiod 20180731 to 2020...View the full answer

Contemporary Business Mathematics with Canadian Applications

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