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Find the present value, on the date indicated, of the following promissory note. Ignore any grace period. A non-interest-bearing note for $631.00 issued February 19,
Find the present value, on the date indicated, of the following promissory note. Ignore any grace period. A non-interest-bearing note for $631.00 issued February 19, 2022, for 304 days if money is worth 3.8%, on May 15,2022. The value on May 15,2022 is $
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
