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A note of $18000 dated April 15,1995 compounded quarterly at 12% for 8 years was discounted on April 10,1998. What was the proceeds and the
A note of $18000 dated April 15,1995 compounded quarterly at 12% for 8 years was discounted on April 10,1998. What was the proceeds and the compound discount if the note was discounted at 12% compounded semi-annually?
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Short Term Financial Management
Authors: John Zietlow, Matthew Hill, Terry Maness
5th Edition
1516512405, 9781516512409
