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5. A promissory note for 11000 with interest at 7.6% compounded quarterly is due 9 years. a) What is the maturity value of the note
5. A promissory note for 11000 with interest at 7.6% compounded quarterly is due 9 years. a) What is the maturity value of the note on the due date? Show a Timeline End / Beg P/Y C/Y N 1/Y PV PMT FV b) Find the proceeds of the note if it is discounted 7 years and 6 months before the due date if interest is 7.2% compounded monthly. Show a Timeline 5. A promissory note for 11000 with interest at 7.6% compounded quarterly is due 9 years. a) What is the maturity value of the note on the due date? Show a Timeline End / Beg P/Y C/Y N 1/Y PV PMT FV b) Find the proceeds of the note if it is discounted 7 years and 6 months before the due date if interest is 7.2% compounded monthly. Show a Timeline
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