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Anon-interest bearing promissory note for $1633.00 was discounted at 4% p.a. compounded quarterly. If the proceeds of the note were $1465.00, how long before the
Anon-interest bearing promissory note for $1633.00 was discounted at 4% p.a. compounded quarterly. If the proceeds of the note were $1465.00, how long before the due date was the notediscounted? State your answer in years and months(from 0 to 11months).
The note was discounted year(s) ?and month(s) ? before the due date.
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