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In 6 years, Mrs. Folkers must pay off a note with a face value of $17 comma 000 , and interest of 10 % per
In 6 years, Mrs. Folkers must pay off a note with a face value of $17 comma 000 , and interest of 10 % per year, compounded semiannually. Find the future value of the note. Then find the amount that the holder of the note should accept as complete payment today if money can be invested at 6 % per year, compounded quarterly
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