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Find the proceeds of the following promissory note. A eight-year, $2900.00 note bearing interest at 2% compounded quarterly, issued december 1,2003 discounted on december 1
Find the proceeds of the following promissory note. A eight-year, $2900.00 note bearing interest at 2% compounded quarterly, issued december 1,2003 discounted on december 1 2004 to yield 8.5% compoundd semi annually.
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