Question
a three year interest bearing promissory note for $8,900 at 3.8% compounded annually is sold one year and two months before its due date at
a three year interest bearing promissory note for $8,900 at 3.8% compounded annually is sold one year and two months before its due date at a discount rate of 7.1%
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Quantitative Methods for Business
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
13th edition
1285866312, 978-0357685648, 978-1285866314
