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A ten-year promissory note discounted after seven years at 10% compounded quarterly has a maturity value of $40 000. Find the proceeds. O $24543.89 O

A ten-year promissory note discounted after seven years at 10% compounded quarterly has a maturity value of $40 000. Find the proceeds. O $24543.89 O $24876.80 O $29742.24 O $21248.07 27

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