Calculate the amount of proceeds if a 90-day interest-bearing note that had a face value of $10,000

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Calculate the amount of proceeds if a 90-day interest-bearing note that had a face value of $10,000 and an interest rate of 7% p.a. was sold in 30 days when the interest rate was 8% p.a.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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