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including formula please 8. A $42,500.00, non-interest-bearing note due August 1, 2003, discounted on March 1, 2001, at 7.32% p.a., compounded monthly. Find the proceeds

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8. A $42,500.00, non-interest-bearing note due August 1, 2003, discounted on March 1, 2001, at 7.32% p.a., compounded monthly. Find the proceeds

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