Seven years and two months after its date of issue, an 11-year promissory note for $8200 bearing

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Seven years and two months after its date of issue, an 11-year promissory note for $8200 bearing interest at 13.5% compounded monthly is discounted at 10.5% compounded semi-annually. Find the proceeds of the note.
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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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