Compound interest Treasury notes authorized in 1863 and 1864 after they were purchased could be used as
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Compound interest Treasury notes authorized in 1863 and 1864 after they were purchased could be used as currency with the added bonus that they could be redeemed three years after they were issued. Find the redeemed value for each of the notes in Problems 33-36 if 6\% interest compounded semiannually.
Ten dollar compound interest note
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To calculate the redeemed value of a Treasury note youll need to use the formula for compoun...View the full answer
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