Question
A note for $20000 dated June 1, 1991 is due in 3 years with compound interest at 13.5% compounded semi annually. on Dec 1, 1992
A note for $20000 dated June 1, 1991 is due in 3 years with compound interest at 13.5% compounded semi annually. on Dec 1, 1992 the holder of the note has it discounted by a lender who charges 15% compounded semi annually. what are the proceeds?
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Due date of Note June 01 1994 No of times interest compounded Halfyearly 6 Date of Discounting Dec 1 ...
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
