When discounted to yield 3.5% compounded quarterly, a $4500 four-year promissory note bearing interest at 5.5% compounded

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When discounted to yield 3.5% compounded quarterly, a $4500 four-year promissory note bearing interest at 5.5% compounded semiannually was priced at $5169.10. How long after the issue date did the discounting take place?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

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Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:34 AM

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When discounted to yield 3.5% compounded quarterly, a $4500 four-year promissory note bearing interest at 5.5% compounded

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Fundamentals Of Business Mathematics In Canada

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