Find the proceeds of a ten-year promissory note dated April 1, 2013, with a face value of

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Find the proceeds of a ten-year promissory note dated April 1, 2013, with a face value of $1300, bearing interest at 7% compounded semi-annually, discounted seven years later when money was worth 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 ten-year promissory note dated April 1, 2013, with a face value of

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Maturityvalue Duedate 20230401 PV 130000 I Y 7 C Y 2 i 72 35 0035 n 10 2 20 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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