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A $4300.00 promissory note issued without interest for nine years on Septermber 30, 2001, is discounted on July 31, 2006, at 8.32% compounded quarterly.
A $4300.00 promissory note issued without interest for nine years on Septermber 30, 2001, is discounted on July 31, 2006, at 8.32% compounded quarterly. Find the compound discount. O $ 1501.95 O $ 1824.80 O $ 1745.75 O $ 1248.89
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Andersons Business Law and the Legal Environment
Authors: David P. Twomey, Marianne M. Jennings
22nd edition
978-113358758, 1133587585, 978-1133587583
