An eight-year note for $3800 with interest at 6% compounded semiannually was sold after three years and

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An eight-year note for $3800 with interest at 6% compounded semiannually was sold after three years and three months to yield the buyer 4.2% compounded quarterly. What price did the buyer pay?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:42 AM

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An eight-year note for $3800 with interest at 6% compounded semiannually was sold after three years and

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Fundamentals Of Business Mathematics In Canada

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