Find the proceeds of a 5-year promissory note for $3000 with interest at 8% compounded semi-annually, discounted

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Find the proceeds of a 5-year promissory note for $3000 with interest at 8% compounded semi-annually, discounted 21 months before maturity at 9% compounded quarterly.

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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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Find the proceeds of a 5-year promissory note for $3000 with interest at 8% compounded semi-annually, discounted 21 months before maturity at 9% compounded quarterly.
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Find the proceeds of a 5-year promissory note for $3000 with interest at 8% compounded semi-annually, discounted

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Maturityvalue PV 300000 I Y 8 C Y 2 82 4 004 n 5 2 10 FV 300...View the full answer

Contemporary Business Mathematics with Canadian Applications

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