Question
3years, nine months before its due date,an eight-year note for $2841.11 bearing interest at 4.3% compounded semi-annually is discounted at 6.3% compounded annually. Find the
3years, nine months before its due date,an eight-year note for $2841.11 bearing interest at 4.3% compounded semi-annually is discounted at 6.3% compounded annually. Find the compound discount.
The compound discount is
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Affordable Housing Finance
Authors: K. Hawtrey
2009th Edition
0230555187, 978-0230555181
