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A promissory note will pay $48,000 at maturity 11 years from now. If you pay $20,000 for the notenow, what rate compounded continuously would youearn?
A promissory note will pay $48,000 at maturity 11 years from now. If you pay $20,000 for the notenow, what rate compounded continuously would youearn?
(3 decimal places)
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