Question
A note dated October 1, 2013, calls for payment of $5000 in 5 years. On October 1, 2015, it is sold at a price that
A note dated October 1, 2013, calls for payment of $5000 in 5 years. On October 1, 2015, it is sold at a price that will yield the purchaser j4 = 15%. How much is paid for the note?
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Solutio ty Given A note dated at 2012 Callo For Partiment 500 0 in 5ys on oc...
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Financial Management For Decision Makers
Authors: Peter Atrill, Paul Hurley
2nd Canadian Edition
138011605, 978-0138011604
