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Question 10 (3 points) An 8-year, $2,000 promissory note bearing interest at 8.2% compounded monthly was sold to a buyer 3 years after its issue

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Question 10 (3 points) An 8-year, $2,000 promissory note bearing interest at 8.2% compounded monthly was sold to a buyer 3 years after its issue date. The buyer wanted a return of 8.2% compounded quarterly. What was the selling price of the note? (2 decimals)

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