Question
A 9-year promissory note for $6,514 dated today bearing interest at 3% compounded quarterly is discounted four years after the date of issue at 6%
A 9-year promissory note for $6,514 dated today bearing interest at 3% compounded quarterly is discounted four years after the date of issue at 6% compounded semi-annually. What are the proceeds of the note?
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Auditing Theory And Practice
Authors: Roger H. Hermanson
1st Edition
0256023301, 978-0256023305
