Nicole purchased an interest-bearing promissory note for $5000 at 5% p.a., due in 90 days. If she
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Nicole purchased an interest-bearing promissory note for $5000 at 5% p.a., due in 90 days. If she sold the note in 30 days by discounting it at 6% p.a., calculate the proceeds of the note.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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