Question
A $40 000, 15-year promissory note dated June 1, 2010, bearing interest at 12% compounded semi-annually is discounted on September 1, 2018, at 11% compounded
A $40 000, 15-year promissory note dated June 1, 2010, bearing interest at 12% compounded semi-annually is discounted on September 1, 2018, at 11% compounded quarterly. What are the proceeds of the note?
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Exploring Public Relations And Management Communication
Authors: Ralph Tench, Stephen Waddington
5th Edition
1292321741, 9781292321745
