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A four-year, non-interest-bearing 1 point promissory note for $3750 is discounted 32 months after the date of issue at 5.5% compounded semi-annually. Find the proceeds
A four-year, non-interest-bearing 1 point promissory note for $3750 is discounted 32 months after the date of issue at 5.5% compounded semi-annually. Find the proceeds of the note. * O $3346.95 O $4729.60 None of the answers is correct O $3817.95 $3452.59 O $3488.29 A debt can be paid by payments 1 point of $2000 scheduled today, $2000 scheduled in three years, and $2000 scheduled in six years. What single payment would settle the debt four years from now if money is worth 10% compounded semi-annually?* $6452.25 O $6857.17 O $6858.25 None of the answers is correct O $5853.83 O $6805.31
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