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Mary borrows money from John. She signs a note for $5,000.00 with interest at 10% c.q. due in two years. John sells the note to
Mary borrows money from John. She signs a note for $5,000.00 with interest at 10% c.q. due in two years. John sells the note to Harry 6 months later. By this time interest rates have dropped to 8% c.q. Find the following quantities: a) Mary's obligation at the due date. b) The selling price of the note to Harry. c) The rate of return to John on his investment expressed c.q. and c.a
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