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Find the proceeds of the following promissory note. An eight-year promissory note dated October 1, 2013, with a face value of $4100.00 bearing interest at
Find the proceeds of the following promissory note. An eight-year promissory note dated October 1, 2013, with a face value of $4100.00 bearing interest at 7.7% compounded semi-annually, discounted six years later when money was worth 5.5% compounded annually. The proceeds of the note are $
The proceeds of the note are $
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077400163
