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On April 1, 2019, a five-year promissory note for $15,000 is issued with an interest rate of 5.43% compounded monthly. The note is discounted on
On April 1, 2019, a five-year promissory note for $15,000 is issued with an interest rate of 5.43% compounded monthly. The note is discounted on April 1, 2022 at 9.21% compounded quarterly. Find the proceeds of the
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