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A loan (promissory note) of $8,200 was made. It is to be paid back in 3 years with interest of 4.60% compounded quarterly. What would
A loan (promissory note) of $8,200 was made. It is to be paid back in 3 years with interest of 4.60% compounded quarterly. What would be the appropriate price to pay for the contract 18 months after the original contract date to yield the buyer 3.15% compounded semi-annually? Round you final answer to two decimals. Do not round intermediate steps. A loan (promissory note) of $8,200 was made. It is to be paid back in 3 years with interest of 4.60% compounded quarterly. What would be the appropriate price to pay for the contract 18 months after the original contract date to yield the buyer 3.15% compounded semi-annually? Round you final answer to two decimals. Do not round intermediate steps
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